HSBC Holdings plc (HSBA) Given a GBX 725 Price Target at UBS AG

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.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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