Sanford C. Bernstein reiterated their market perform rating on shares of HSBC Holdings plc (LON:HSBA) in a research note issued to investors on Monday, Market Beat reports. They currently have a GBX 550 ($7.84) price target on the stock.

Shares of HSBC Holdings plc (LON:HSBA) traded down 0.51% during midday trading on Monday, hitting GBX 477.65. 32,053,070 shares of the stock were exchanged. The stock’s 50-day moving average price is GBX 505.99 and its 200-day moving average price is GBX 524.24. HSBC Holdings plc has a 1-year low of GBX 461.80 and a 1-year high of GBX 674.57. The firm’s market capitalization is GBX 99.91 billion.

In other HSBC Holdings plc news, insider Robertson,Simon purchased 9,770 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was purchased at an average price of GBX 512 ($7.29) per share, for a total transaction of £50,022.40 ($71,267.13). Also, insider Evans,Lord purchased 1,897 shares of the company’s stock in a transaction dated Monday, December 7th. The shares were acquired at an average price of GBX 524 ($7.47) per share, with a total value of £9,940.28 ($14,161.96).

HSBA has been the topic of a number of other reports. Nomura cut their target price on HSBC Holdings plc from GBX 675 ($9.62) to GBX 600 ($8.55) and set a neutral rating on the stock in a report on Tuesday, September 29th. Maybank Kim Eng reiterated a buy rating and issued a GBX 724.27 ($10.32) target price on shares of HSBC Holdings plc in a report on Friday, October 2nd. Macquarie reiterated an outperform rating and issued a GBX 550 ($7.84) target price on shares of HSBC Holdings plc in a report on Thursday, October 15th. Berenberg Bank reiterated a buy rating and issued a GBX 750 ($10.69) target price on shares of HSBC Holdings plc in a report on Monday. Finally, Goldman Sachs set a GBX 640 ($9.12) price objective on HSBC Holdings plc and gave the company a neutral rating in a research note on Thursday, October 22nd. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 605.91 ($8.63).

HSBC Holdings plc (LON:HSBA) is the banking and financial services company. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. The Company operates in four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). RBWM offers personal banking products and wealth management services. CMB offers a range of commercial financial services and solutions to customers ranging from small and medium-sized enterprises to publicly quoted companies. GB&M provides financial solutions to Government, corporate and institutional clients across the world. GPB offers products and services, which include private banking, investment management and private wealth solutions. It operates in Europe, Asia, Middle East and North Africa, North America and Latin America.

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