23 July, 2017
Several other analysts have also weighed in on HSBA. Jefferies Group LLC now has a GBX 750 ($9.79) target price on the stock.
In analysts note issued to clients on Friday, 21 July, The Reduce rating of Sainsbury (LON:SBRY) shares was reconfirmed by HSBC, who now has a GBX 200.00 target price on the stock. Finally, Peel Hunt reissued a "buy" rating and issued a GBX 225 ($2.94) target price on shares of Booker Group Plc in a research report on Thursday, March 30th. (The) reiterated a "neutral" rating and set a GBX 4,250 ($55.50) price target on shares of NEXT plc in a report on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Capita PLC now has a consensus rating of Hold and a consensus target price of GBX 586 ($7.65).
Shares of HSBC Holdings plc (LON HSBA) traded down 0.73% during trading on Thursday, hitting GBX 735.10. HSBC Holdings PLC has a 12 month low of $32.03 and a 12 month high of $48.39. The firm's market cap is GBX 14.29 billion.
The stock is trading at $48.06 which is slightly above the 50 day moving average which is $45.22 and which is just a bit higher than the 200 day moving average of $42.61.
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The firm also recently announced a dividend, which was paid on Friday, July 7th. Investors of record on Thursday, May 18th were issued a $0.10 dividend. The dividend yield was $4.15. The ex-dividend date of this dividend was Thursday, May 11th. This is a positive change from J Sainsbury plc's previous dividend of $3.60. The stock was sold at an average price of GBX 661 ($8.63), for a total transaction of £991,500 ($1,294,724.47). Insiders have purchased a total of 62,528 shares of company stock valued at $10,905,536 over the last three months.
J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company's segments include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active customers and worldwide Websites serving approximately 70 countries; NEXT global Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which designs and sources NEXT branded products; Lipsy, which designs and sells Lipsy branded younger women's fashion products, and Property Management, which holds properties and property leases which are sub-let to other segments and external parties. CMB services include working capital, term loans, payment services and worldwide trade facilitation, among other services, as well as expertise in mergers and acquisitions, and access to financial markets.
