Shares of HSBC Holdings plc (LON:HSBA) have been assigned an average recommendation of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 738.93 ($9.95).
HSBA has been the topic of several research analyst reports. Jefferies Group initiated coverage on shares of HSBC in a report on Monday, September 4th. They issued a “buy” rating and a GBX 920 ($12.38) target price on the stock. Shore Capital reissued a “sell” rating on shares of HSBC in a report on Monday, October 30th. UBS set a GBX 725 ($9.76) price target on shares of HSBC and gave the company a “neutral” rating in a research note on Monday, September 4th. Credit Suisse Group downgraded shares of HSBC to an “underperform” rating and upped their price target for the company from GBX 630 ($8.48) to GBX 650 ($8.75) in a research note on Tuesday, October 10th. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 850 ($11.44) price target on shares of HSBC in a research note on Tuesday, August 22nd.
In related news, insider Iain Mackay purchased 16,980 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average cost of GBX 741 ($9.97) per share, for a total transaction of £125,821.80 ($169,342.93). Also, insider Douglas J. Flint purchased 58 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was bought at an average price of GBX 724 ($9.74) per share, for a total transaction of £419.92 ($565.17). Insiders have acquired 17,058 shares of company stock worth $12,638,772 in the last quarter.
Shares of HSBC (LON HSBA) opened at GBX 725.52 ($9.76) on Thursday. HSBC has a 12-month low of GBX 518.17 ($6.97) and a 12-month high of GBX 772 ($10.39).
The company also recently disclosed a dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, October 12th were given a dividend of $0.10 per share. This represents a yield of 1.01%. The ex-dividend date of this dividend was Thursday, October 12th.
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HSBC Company Profile
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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