HSBC Holdings plc (LON:HSBA) insider Douglas J. Flint bought 21 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average cost of GBX 738 ($9.53) per share, with a total value of £154.98 ($200.15).
HSBC Holdings plc (LON:HSBA) traded down 1.78% during midday trading on Friday, hitting GBX 708.00. The stock had a trading volume of 49,935,151 shares. The stock’s market cap is GBX 143.51 billion. HSBC Holdings plc has a 52-week low of GBX 518.17 and a 52-week high of GBX 772.00. The company’s 50 day moving average price is GBX 744.34 and its 200-day moving average price is GBX 694.45.
The business also recently declared a dividend, which will be paid on Wednesday, September 20th. Investors of record on Thursday, August 3rd will be issued a dividend of $0.10 per share. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, August 3rd.
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HSBA has been the subject of several research reports. Investec lowered HSBC Holdings plc to a “sell” rating and set a GBX 640 ($8.27) target price for the company. in a research note on Monday, June 12th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 850 ($10.98) target price on shares of HSBC Holdings plc in a research note on Tuesday, August 22nd. Jefferies Group LLC initiated coverage on HSBC Holdings plc in a research note on Monday, September 4th. They issued a “buy” rating and a GBX 920 ($11.88) target price for the company. Goldman Sachs Group, Inc. (The) set a GBX 740 ($9.56) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Friday, June 16th. Finally, Morgan Stanley set a GBX 850 ($10.98) target price on HSBC Holdings plc and gave the stock a “buy” rating in a research note on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 702.90 ($9.08).
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.
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