Citigroup Inc. set a GBX 850 ($11.21) price objective on HSBC Holdings plc (LON:HSBA) in a report published on Friday. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other research firms have also recently commented on HSBA. Morgan Stanley raised shares of HSBC Holdings plc to an overweight rating and lifted their price target for the stock from GBX 745 ($9.83) to GBX 850 ($11.21) in a report on Thursday, June 29th. Goldman Sachs Group, Inc. (The) set a GBX 740 ($9.76) target price on shares of HSBC Holdings plc and gave the company a neutral rating in a report on Friday, June 16th. J P Morgan Chase & Co reissued a neutral rating and set a GBX 670 ($8.84) target price on shares of HSBC Holdings plc in a report on Friday, May 5th. Credit Suisse Group reissued a neutral rating and set a GBX 630 ($8.31) target price on shares of HSBC Holdings plc in a report on Friday, June 30th. Finally, UBS AG set a GBX 680 ($8.97) target price on shares of HSBC Holdings plc and gave the company a neutral rating in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 679.15 ($8.96).

Shares of HSBC Holdings plc (HSBA) traded up 1.02% during midday trading on Friday, reaching GBX 769.00. The company had a trading volume of 12,163,012 shares. The company has a 50 day moving average price of GBX 722.20 and a 200-day moving average price of GBX 681.04. HSBC Holdings plc has a one year low of GBX 479.74 and a one year high of GBX 772.00. The firm’s market capitalization is GBX 155.87 billion.

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The company also recently declared a dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 3rd will be issued a $0.10 dividend. The ex-dividend date is Thursday, August 3rd. This represents a dividend yield of 1.02%.

In related news, insider Jonathan Symonds bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average cost of GBX 766 ($10.10) per share, for a total transaction of £76,600 ($101,042.08). Also, insider Lord Evans bought 2,239 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average price of GBX 666 ($8.79) per share, with a total value of £14,911.74 ($19,669.89). In the last ninety days, insiders bought 12,303 shares of company stock worth $9,196,209.

About HSBC Holdings plc

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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