Trading Report: Today, HSBC Holdings plc (HSBA) Earns Neutral Rating from Analysts at Credit Suisse Group AG

Today, HSBC Holdings plc (HSBA) Earns Neutral Rating from Analysts at Credit Suisse Group AG

Equities researchers at Credit Suisse Group AG started coverage on shares of HSBC Holdings plc (LON:HSBA) in a report issued on Tuesday. The brokerage set a “neutral” rating and a GBX 600 ($7.44) price target on the stock. Credit Suisse Group AG’s price objective would suggest a potential downside of 5.18% from the company’s current price.

Several other research firms have also weighed in on HSBA. Citigroup Inc. reissued a “buy” rating and issued a GBX 600 ($7.44) price target on shares of HSBC Holdings plc in a research note on Tuesday, August 9th. Societe Generale reissued a “buy” rating and issued a GBX 555 ($6.89) price target on shares of HSBC Holdings plc in a research note on Thursday, August 4th. Berenberg Bank reissued a “buy” rating and issued a GBX 600 ($7.44) price target on shares of HSBC Holdings plc in a research note on Tuesday, August 2nd. Beaufort Securities reissued a “buy” rating on shares of HSBC Holdings plc in a research note on Thursday, August 4th. Finally, Investec reissued a “buy” rating on shares of HSBC Holdings plc in a research note on Thursday, August 25th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 565 ($7.01).

Shares of HSBC Holdings plc (LON:HSBA) opened at 632.80 on Tuesday. The stock has a 50 day moving average of GBX 623.67 and a 200 day moving average of GBX 533.87. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 645.60. The stock’s market cap is GBX 43.03 billion.

The firm also recently declared a dividend, which will be paid on Tuesday, December 6th. Investors of record on Thursday, October 20th will be issued a GBX 0.10 ($0.00) dividend. This represents a yield of 1.32%. The ex-dividend date of this dividend is Thursday, October 20th.

In other HSBC Holdings plc news, insider Marc Moses purchased 20,305 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was purchased at an average cost of GBX 620 ($7.69) per share, with a total value of £125,891 ($156,172.93). Also, insider Evans,Lord purchased 1,754 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was acquired at an average cost of GBX 566 ($7.02) per share, with a total value of £9,927.64 ($12,315.64).

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