Morgan Stanley Analysts Give HSBC (HSBA) a GBX 740 Price Target

Morgan Stanley set a GBX 740 ($9.67) price objective on HSBC (LON:HSBA) in a research note released on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group reaffirmed a buy rating and set a GBX 850 ($11.11) price target on shares of HSBC in a report on Tuesday, February 19th. Shore Capital reissued a hold rating on shares of HSBC in a report on Tuesday, February 19th. Societe Generale lowered their target price on shares of HSBC from GBX 685 ($8.95) to GBX 650 ($8.49) and set a hold rating on the stock in a report on Wednesday, February 20th. UBS Group reissued a neutral rating and issued a GBX 665 ($8.69) target price on shares of HSBC in a report on Tuesday, February 19th. Finally, Bank of America set a GBX 660 ($8.62) target price on shares of HSBC and gave the stock a neutral rating in a report on Tuesday, February 19th. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 659.25 ($8.61).

Shares of LON:HSBA opened at GBX 653.20 ($8.54) on Monday. HSBC has a 1-year low of GBX 596.40 ($7.79) and a 1-year high of GBX 749.90 ($9.80). The company has a market cap of $131.85 billion and a price-to-earnings ratio of 9.47.

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 16th will be given a $0.10 dividend. This represents a yield of 1.15%. The ex-dividend date is Thursday, May 16th. HSBC’s dividend payout ratio is presently 0.93%.

In other HSBC news, insider Marc Moses sold 223,653 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of GBX 626 ($8.18), for a total transaction of £1,400,067.78 ($1,829,436.53). Also, insider Ewen Stevenson acquired 100,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were purchased at an average price of GBX 645 ($8.43) per share, for a total transaction of £645,000 ($842,806.74). Insiders sold 467,788 shares of company stock worth $292,274,178 in the last 90 days.

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Analyst Recommendations for HSBC (LON:HSBA)

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