HSBC (HSBA) Given a GBX 690 Price Target by J P Morgan Chase & Co Analysts
J P Morgan Chase & Co set a GBX 690 ($9.24) price target on HSBC (LON:HSBA) in a research note issued to investors on Wednesday. The firm currently has a neutral rating on the financial services provider’s stock.
Several other brokerages have also recently issued reports on HSBA. Shore Capital restated a sell rating on shares of HSBC in a report on Monday, October 30th. Royal Bank Of Canada set a GBX 720 ($9.64) price target on HSBC and gave the company a neutral rating in a research note on Friday, November 3rd. Goldman Sachs Group set a GBX 790 ($10.58) price target on HSBC and gave the company a neutral rating in a research note on Friday, August 11th. Barclays reaffirmed an equal weight rating and issued a GBX 700 ($9.37) price target on shares of HSBC in a research note on Thursday, October 5th. Finally, UBS set a GBX 725 ($9.71) price target on HSBC and gave the company a neutral rating in a research note on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 746.33 ($10.00).
Shares of HSBC (LON HSBA) traded down GBX 4 ($0.05) during trading hours on Wednesday, reaching GBX 739.20 ($9.90). The company’s stock had a trading volume of 15,516,746 shares, compared to its average volume of 22,760,000. HSBC has a 12 month low of GBX 518.17 ($6.94) and a 12 month high of GBX 772 ($10.34).
The company also recently disclosed a dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, October 12th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, October 12th. This represents a yield of 1.01%.
In related news, insider Douglas J. Flint purchased 58 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was bought at an average price of GBX 724 ($9.70) per share, with a total value of £419.92 ($562.37). Also, insider Stuart Thomson Gulliver sold 138,143 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of GBX 732 ($9.80), for a total value of £1,011,206.76 ($1,354,234.31). Over the last ninety days, insiders have purchased 17,058 shares of company stock valued at $12,638,772.
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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