Today, HSBC Holdings plc’s (HSBA) “Neutral” Rating Reaffirm at Goldman Sachs Group Inc.

Today, HSBC Holdings plc’s (HSBA) “Neutral” Rating Reaffirm at Goldman Sachs Group Inc.

HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by equities researchers at Goldman Sachs Group Inc. in a research report issued to clients and investors on Sunday, StockTargetPrices.com reports. They presently have a GBX 685 ($8.56) price objective on the stock. Goldman Sachs Group Inc.’s target price points to a potential upside of 6.86% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 600 ($7.50) price target on shares of HSBC Holdings plc in a report on Friday. Deutsche Bank AG reissued a “hold” rating and issued a GBX 579 ($7.23) price target on shares of HSBC Holdings plc in a report on Thursday. BNP Paribas reissued a “neutral” rating and issued a GBX 630 ($7.87) price target on shares of HSBC Holdings plc in a report on Friday, November 18th. Natixis reissued a “neutral” rating and issued a GBX 672 ($8.40) price target (up previously from GBX 478 ($5.97)) on shares of HSBC Holdings plc in a report on Thursday, November 17th. Finally, Macquarie reissued a “neutral” rating and issued a GBX 560 ($7.00) price target on shares of HSBC Holdings plc in a report on Thursday, November 17th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. HSBC Holdings plc currently has a consensus rating of “Hold” and an average price target of GBX 561.14 ($7.01).

HSBC Holdings plc (LON:HSBA) opened at 641.00 on Friday. The firm’s market capitalization is GBX 43.59 billion. The firm’s 50-day moving average is GBX 622.74 and its 200 day moving average is GBX 531.07. HSBC Holdings plc has a 52-week low of GBX 392.37 and a 52-week high of GBX 645.60.

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

In other news, insider Marc Moses purchased 20,305 shares of HSBC Holdings plc stock in a transaction that occurred on Monday, November 14th. The shares were acquired at an average price of GBX 620 ($7.75) per share, for a total transaction of £125,891 ($157,285.11). Also, insider Evans,Lord purchased 1,754 shares of HSBC Holdings plc stock in a transaction that occurred on Wednesday, August 31st. The shares were purchased at an average price of GBX 566 ($7.07) per share, for a total transaction of £9,927.64 ($12,403.35).

HSBC Holdings plc Company Profile

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