HSBC Holdings plc (HSBA) Given a GBX 600 Price Target by Bankhaus Lampe Analysts
HSBC Holdings plc (LON:HSBA) has been assigned a GBX 600 ($7.44) price objective by equities researchers at Bankhaus Lampe in a report issued on Monday. The firm presently has a “neutral” rating on the stock. Bankhaus Lampe’s price target would suggest a potential downside of 5.03% from the stock’s current price.
Several other analysts have also weighed in on the stock. Goldman Sachs Group Inc. set a GBX 650 ($8.06) price objective on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research note on Monday, November 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 ($7.44) price objective on shares of HSBC Holdings plc in a research note on Tuesday, August 2nd. Citigroup Inc. reiterated a “buy” rating and issued a GBX 600 ($7.44) price objective on shares of HSBC Holdings plc in a research note on Tuesday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of HSBC Holdings plc from GBX 520 ($6.45) to GBX 560 ($6.95) and gave the company a “neutral” rating in a research note on Monday, October 24th. Finally, Investec reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Thursday, August 25th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 565 ($7.01).
HSBC Holdings plc (LON:HSBA) opened at 631.70 on Monday. The firm’s market cap is GBX 123.83 billion. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 645.60. The stock has a 50 day moving average of GBX 623.67 and a 200 day moving average of GBX 533.87.
The firm also recently announced a dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Thursday, October 20th will be paid a dividend of GBX 0.10 ($0.00) per share. This represents a dividend yield of 1.32%. The ex-dividend date is Thursday, October 20th.
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In other HSBC Holdings plc news, insider Marc Moses bought 20,305 shares of the stock in a transaction dated Monday, November 14th. The shares were bought at an average cost of GBX 620 ($7.69) per share, for a total transaction of £125,891 ($156,172.93).
About HSBC Holdings plc
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).
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