HSBC Holdings plc (HSBA) Stock Price Up 0.7%

HSBC Holdings plc (LON:HSBA) rose 0.7% during trading on Monday . The stock traded as high as GBX 745.20 ($9.90) and last traded at GBX 743.90 ($9.88). Approximately 24,437,973 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 21,736,500 shares. The stock had previously closed at GBX 739 ($9.82).

HSBA has been the subject of several recent research reports. Morgan Stanley set a GBX 850 ($11.29) price target on HSBC Holdings plc and gave the company a “buy” rating in a research note on Thursday, October 5th. Deutsche Bank AG restated a “hold” rating and issued a GBX 737 ($9.79) target price on shares of HSBC Holdings plc in a report on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) set a GBX 845 ($11.23) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a report on Monday, October 9th. Citigroup Inc. restated a “buy” rating and issued a GBX 850 ($11.29) target price on shares of HSBC Holdings plc in a report on Tuesday, August 22nd. Finally, Jefferies Group LLC began coverage on HSBC Holdings plc in a report on Monday, September 4th. They issued a “buy” rating and a GBX 920 ($12.22) target price for the company. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 712.15 ($9.46).

The stock’s market capitalization is GBX 151.33 billion. The company’s 50-day moving average price is GBX 737.25 and its 200 day moving average price is GBX 706.60.

The company also recently declared a dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, October 12th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, October 12th. This represents a yield of 1.01%.

In related news, insider Stuart Thomson Gulliver sold 138,143 shares of HSBC Holdings plc stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of GBX 732 ($9.73), for a total transaction of £1,011,206.76 ($1,343,617.80). Also, insider Marc Moses purchased 17,083 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of GBX 737 ($9.79) per share, with a total value of £125,901.71 ($167,289.01). Over the last three months, insiders h

HSBA has been the subject of several recent research reports. Morgan Stanley set a GBX 850 ($11.29) price target on HSBC Holdings plc and gave the company a “buy” rating in a research note on Thursday, October 5th. Deutsche Bank AG restated a “hold” rating and issued a GBX 737 ($9.79) target price on shares of HSBC Holdings plc in a report on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) set a GBX 845 ($11.23) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a report on Monday, October 9th. Citigroup Inc. restated a “buy” rating and issued a GBX 850 ($11.29) target price on shares of HSBC Holdings plc in a report on Tuesday, August 22nd. Finally, Jefferies Group LLC began coverage on HSBC Holdings plc in a report on Monday, September 4th. They issued a “buy” rating and a GBX 920 ($12.22) target price for the company. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 712.15 ($9.46).

The stock’s market capitalization is GBX 151.33 billion. The company’s 50-day moving average price is GBX 737.25 and its 200 day moving average price is GBX 706.60.

The company also recently declared a dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, October 12th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, October 12th. This represents a yield of 1.01%.

In related news, insider Stuart Thomson Gulliver sold 138,143 shares of HSBC Holdings plc stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of GBX 732 ($9.73), for a total transaction of £1,011,206.76 ($1,343,617.80). Also, insider Marc Moses purchased 17,083 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of GBX 737 ($9.79) per share, with a total value of £125,901.71 ($167,289.01). Over the last three months, insiders have purchased 27,202 shares of company stock valued at $20,337,321.

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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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