HSBC Holdings plc (HSBA) Coverage Initiated by Analysts at Credit Suisse Group AG
Credit Suisse Group AG assumed coverage on shares of HSBC Holdings plc (LON:HSBA) in a report published on Tuesday morning. The brokerage issued a neutral rating and a GBX 600 ($7.44) target price on the stock.
Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 460 ($5.71) price target on shares of HSBC Holdings plc in a research report on Thursday, August 4th. Barclays PLC upped their price target on HSBC Holdings plc from GBX 550 ($6.82) to GBX 600 ($7.44) and gave the company an equal weight rating in a research report on Tuesday, November 8th. Citigroup Inc. set a GBX 515 ($6.39) price target on HSBC Holdings plc and gave the company a buy rating in a research report on Wednesday, August 3rd. RBC Capital Markets set a GBX 590 ($7.32) price objective on HSBC Holdings plc and gave the stock a neutral rating in a research report on Monday, October 24th. Finally, Morgan Stanley set a GBX 480 ($5.95) price objective on HSBC Holdings plc and gave the stock a sell rating in a research report on Monday, November 7th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 565 ($7.01).
HSBC Holdings plc (LON:HSBA) opened at 634.00 on Tuesday. The company’s market capitalization is GBX 124.29 billion. The stock has a 50 day moving average price of GBX 623.67 and a 200 day moving average price 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.
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The business also recently declared a dividend, which will be paid on Tuesday, December 6th. Investors of record on Thursday, October 20th will be issued a dividend of GBX 0.10 ($0.00) per share. This represents a dividend yield of 1.32%. The ex-dividend date is Thursday, October 20th.
In other HSBC Holdings plc news, insider Marc Moses acquired 20,305 shares of the stock in a transaction on Monday, November 14th. The shares were bought at an average price of GBX 620 ($7.69) per share, with a total value of £125,891 ($156,172.93).
HSBC Holdings plc Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).
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