UBS AG set a GBX 725 ($9.54) price target on HSBC Holdings plc (LON:HSBA) in a research note issued to investors on Tuesday morning. The firm currently has a neutral rating on the financial services provider’s stock.
A number of other research firms also recently issued reports on HSBA. Shore Capital reiterated a sell rating on shares of HSBC Holdings plc in a research report on Monday, October 30th. Royal Bank Of Canada set a GBX 720 ($9.47) target price on shares of HSBC Holdings plc and gave the stock a neutral rating in a research report on Friday, November 3rd. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a GBX 755 ($9.93) target price on shares of HSBC Holdings plc in a research report on Wednesday, July 26th. Barclays PLC reiterated an equal weight rating and issued a GBX 700 ($9.21) target price on shares of HSBC Holdings plc in a research report on Thursday, October 5th. Finally, Jefferies Group LLC reiterated a buy rating and issued a GBX 920 ($12.10) target price on shares of HSBC Holdings plc in a research report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 723.72 ($9.52).
HSBC Holdings plc (LON HSBA) traded down GBX 0.57 ($0.01) during mid-day trading on Tuesday, reaching GBX 735.43 ($9.67). 24,660,000 shares of the company’s stock were exchanged, compared to its average volume of 22,670,000. HSBC Holdings plc has a 12 month low of GBX 518.17 ($6.82) and a 12 month high of GBX 772 ($10.15).
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The business also recently declared a dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, October 12th will be issued a $0.10 dividend. This represents a yield of 1.01%. The ex-dividend date is Thursday, October 12th.
In related news, insider Douglas J. Flint purchased 58 shares of HSBC Holdings plc stock in a transaction on Wednesday, September 20th. The stock was purchased at an average cost of GBX 724 ($9.52) per share, with a total value of £419.92 ($552.31). Also, insider Iain Mackay purchased 16,980 shares of HSBC Holdings plc stock in a transaction on Monday, November 13th. The stock was bought at an average cost of GBX 741 ($9.75) per share, with a total value of £125,821.80 ($165,489.68). Over the last three months, insiders acquired 17,079 shares of company stock valued at $12,654,270.
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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