HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, May 5th. They presently have a GBX 670 ($8.65) target price on the financial services provider’s stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 0.87% from the company’s previous close.
HSBA has been the topic of several other reports. Credit Suisse Group AG reissued a “neutral” rating and set a GBX 600 ($7.74) price target on shares of HSBC Holdings plc in a research report on Thursday, April 6th. Citigroup Inc reissued a “buy” rating on shares of HSBC Holdings plc in a research report on Friday, April 21st. BNP Paribas restated an “outperform” rating and set a GBX 720 ($9.29) price objective on shares of HSBC Holdings plc in a research note on Thursday, March 16th. Deutsche Bank AG set a GBX 635 ($8.20) price objective on shares of HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Thursday, March 16th. Finally, Beaufort Securities restated a “hold” rating and set a GBX 690 ($8.91) price objective on shares of HSBC Holdings plc in a research note on Wednesday, February 22nd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. HSBC Holdings plc has a consensus rating of “Hold” and a consensus target price of GBX 625.30 ($8.07).
The company also recently disclosed a dividend, which will be paid on Wednesday, July 5th. Investors of record on Thursday, May 18th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 18th. This represents a yield of 1.17%.
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In other HSBC Holdings plc news, insider Lord Evans acquired 1,483 shares of the stock in a transaction dated Wednesday, February 22nd. The stock was purchased at an average cost of GBX 674 ($8.70) per share, for a total transaction of £9,995.42 ($12,902.31). Also, insider Douglas J. Flint sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of GBX 661 ($8.53), for a total transaction of £991,500 ($1,279,850.26). In the last three months, insiders acquired 1,529 shares of company stock valued at $1,029,143 and sold 650,827 shares valued at $431,568,868.
HSBC Holdings plc 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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