HSBC Holdings plc (HSBA) Given a GBX 845 Price Target by Goldman Sachs Group, Inc. (The) Analysts
Goldman Sachs Group, Inc. (The) set a GBX 845 ($11.11) target price on HSBC Holdings plc (LON:HSBA) in a research report report published on Monday morning. The firm currently has a neutral rating on the financial services provider’s stock.
Other analysts also recently issued reports about the company. Citigroup Inc. reissued a buy rating and set a GBX 725 ($9.53) price objective on shares of HSBC Holdings plc in a research report on Friday, June 16th. Morgan Stanley set a GBX 850 ($11.18) price objective on HSBC Holdings plc and gave the stock a buy rating in a research report on Monday, July 17th. Jefferies Group LLC initiated coverage on HSBC Holdings plc in a research report on Monday, September 4th. They set a buy rating and a GBX 920 ($12.10) price objective for the company. BNP Paribas set a GBX 825 ($10.85) price objective on HSBC Holdings plc and gave the stock a buy rating in a research report on Thursday, October 5th. Finally, Barclays PLC raised their price objective on HSBC Holdings plc from GBX 650 ($8.55) to GBX 700 ($9.20) and gave the stock an equal weight rating in a research report on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 712.15 ($9.36).
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The firm also recently announced a dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Thursday, October 12th will be given a dividend of $0.10 per share. This represents a dividend yield of 1.01%. The ex-dividend date is Thursday, October 12th.
In other news, insider Stuart Thomson Gulliver sold 138,143 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of GBX 732 ($9.62), for a total value of £1,011,206.76 ($1,329,485.62). Also, insider Douglas J. Flint bought 58 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was bought at an average cost of GBX 724 ($9.52) per share, for a total transaction of £419.92 ($552.09). In the last ninety days, insiders have acquired 27,202 shares of company stock worth $20,337,321.
HSBC Holdings plc Company Profile
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.
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