HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reiterated by equities researchers at BNP Paribas in a note issued to investors on Tuesday. They currently have a GBX 540 ($7.05) target price on the stock. BNP Paribas’ price target suggests a potential downside of 12.83% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Citigroup Inc. downgraded HSBC Holdings plc to a “neutral” rating and set a GBX 600 ($7.83) price target for the company. in a research report on Tuesday, September 13th. Deutsche Bank AG reissued a “hold” rating and set a GBX 525 ($6.85) price target on shares of HSBC Holdings plc in a research report on Tuesday, September 13th. Morgan Stanley set a GBX 438 ($5.72) price target on HSBC Holdings plc and gave the stock a “sell” rating in a research report on Monday, September 12th. Societe Generale reissued a “buy” rating and set a GBX 510 ($6.66) price target on shares of HSBC Holdings plc in a research report on Friday, September 9th. Finally, Barclays PLC set a GBX 550 ($7.18) price target on HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Tuesday, September 6th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 513.73 ($6.71).
Shares of HSBC Holdings plc (LON:HSBA) traded up 2.80% during trading on Tuesday, hitting GBX 619.50. The stock had a trading volume of 49,862,661 shares. The company’s market cap is GBX 110.51 billion. The stock’s 50 day moving average is GBX 570.19 and its 200-day moving average is GBX 487.89. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 620.20.
The company also recently disclosed a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be paid a dividend of GBX 0.10 ($0.00) per share. This represents a yield of 1.32%. The ex-dividend date is Thursday, October 20th.
In other news, insider Evans,Lord acquired 1,754 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were purchased at an average price of GBX 566 ($7.39) per share, for a total transaction of £9,927.64 ($12,958.67).