HSBC Holdings plc’s (HSBA) Hold Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reiterated their hold rating on shares of HSBC Holdings plc (LON:HSBA) in a research report report published on Thursday morning. Deutsche Bank AG currently has a GBX 579 ($7.18) target price on the stock.
HSBA has been the topic of several other reports. JPMorgan Chase & Co. increased their price target on shares of HSBC Holdings plc from GBX 460 ($5.71) to GBX 520 ($6.45) and gave the company a neutral rating in a research report on Tuesday, September 6th. BNP Paribas reiterated a neutral rating and issued a GBX 540 ($6.70) price target on shares of HSBC Holdings plc in a research report on Tuesday, November 8th. Natixis reissued a neutral rating and set a GBX 672 ($8.34) price objective (up previously from GBX 478 ($5.93)) on shares of HSBC Holdings plc in a research note on Thursday, November 17th. Beaufort Securities reissued a buy rating on shares of HSBC Holdings plc in a research note on Thursday, August 4th. Finally, Barclays PLC set a GBX 550 ($6.82) price objective on shares of HSBC Holdings plc and gave the company a neutral rating in a research note on Tuesday, September 6th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 565 ($7.01).
Shares of HSBC Holdings plc (LON:HSBA) opened at 628.40 on Thursday. The firm’s market capitalization is GBX 123.19 billion. The stock’s 50 day moving average price is GBX 623.67 and its 200-day moving average price is 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 company 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 yield of 1.32%. The ex-dividend date of this dividend is Thursday, October 20th.
In other news, insider Marc Moses purchased 20,305 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was acquired at an average cost of GBX 620 ($7.69) per share, with a total value of £125,891 ($156,172.93).
About HSBC Holdings plc
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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