HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday. They presently have a GBX 560 ($7.00) price objective on the stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 12.64% from the company’s current price.
HSBA has been the subject of a number of other research reports. Societe Generale reissued a “buy” rating and set a GBX 510 ($6.37) target price on shares of HSBC Holdings plc in a research report on Friday, September 9th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 540 ($6.75) price objective on shares of HSBC Holdings plc in a research report on Tuesday, October 4th. Morgan Stanley increased their price objective on shares of HSBC Holdings plc from GBX 438 ($5.47) to GBX 450 ($5.62) and gave the company an “underweight” rating in a research report on Thursday, October 6th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 525 ($6.56) price objective on shares of HSBC Holdings plc in a research report on Thursday, October 13th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 550 ($6.87) price objective on shares of HSBC Holdings plc in a research report on Thursday, October 6th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 561.14 ($7.01).
Shares of HSBC Holdings plc (LON:HSBA) traded up 0.12% during mid-day trading on Tuesday, hitting GBX 641.00. 14,544,664 shares of the stock traded hands. The stock’s market cap is GBX 43.59 billion. The stock has a 50-day moving average of GBX 622.74 and a 200 day moving average of GBX 531.07. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 645.60.
The business also recently declared a dividend, which will be paid on Tuesday, December 6th. Investors of record on Thursday, October 20th will be paid a GBX 0.10 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a yield of 1.32%.
In related news, insider Marc Moses purchased 20,305 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were purchased at an average price of GBX 620 ($7.75) per share, with a total value of £125,891 ($157,285.11). Also, insider Evans,Lord purchased 1,754 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was bought at an average cost of GBX 566 ($7.07) per share, for a total transaction of £9,927.64 ($12,403.35).