The Bankhaus Lampe Analysts Give HSBC Holdings plc (HSBA) a GBX 600 Price Target

The Bankhaus Lampe Analysts Give HSBC Holdings plc (HSBA) a GBX 600 Price Target

HSBC Holdings plc (LON:HSBA) received a GBX 600 ($7.50) price objective from equities researchers at Bankhaus Lampe in a research report issued on Monday. The brokerage currently has a “neutral” rating on the stock. Bankhaus Lampe’s price target would suggest a potential downside of 6.32% from the company’s current price.

Other equities analysts have also issued research reports about the company. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 600 ($7.50) price objective on shares of HSBC Holdings plc in a report on Tuesday, August 9th. Societe Generale reaffirmed a “buy” rating and set a GBX 555 ($6.93) price objective on shares of HSBC Holdings plc in a report on Thursday, August 4th. Berenberg Bank reissued a “buy” rating and set a GBX 600 ($7.50) price target on shares of HSBC Holdings plc in a report on Tuesday, August 2nd. Beaufort Securities reissued a “buy” rating on shares of HSBC Holdings plc in a report on Thursday, August 4th. Finally, Investec reissued a “buy” rating on shares of HSBC Holdings plc in a report on Thursday, August 25th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 563.41 ($7.04).

Shares of HSBC Holdings plc (LON:HSBA) opened at 630.70 on Monday. HSBC Holdings plc has a 1-year low of GBX 392.37 and a 1-year high of GBX 645.60. The firm’s 50-day moving average price is GBX 622.74 and its 200 day moving average price is GBX 531.07. The stock’s market capitalization is GBX 42.89 billion.

The company also recently announced a dividend, which will be paid on Tuesday, December 6th. Shareholders 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 acquired 20,305 shares of the stock in a transaction dated Monday, November 14th. The stock was bought at an average cost of GBX 620 ($7.75) per share, with a total value of £125,891 ($157,285.11). Also, insider Evans,Lord acquired 1,754 shares of the stock in a transaction dated Wednesday, August 31st. The shares were bought at an average cost of GBX 566 ($7.07) per share, with a total value of £9,927.64 ($12,403.35).

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