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HSBC Holdings ( (GB:HSBA) ) has issued an update.
HSBC Holdings PLC announced the cancellation of 26,782,800 ordinary shares that were previously repurchased on the Hong Kong Stock Exchange as part of a buy-back program. This cancellation reduces the total number of shares in issue to 17,175,239,862, which also represents the total number of voting rights. This adjustment in share capital and voting rights is significant for shareholders as it affects the calculations for notifying changes in their interests under regulatory guidelines.
The most recent analyst rating on (GB:HSBA) stock is a Hold with a £1035.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
Spark’s Take on GB:HSBA Stock
According to Spark, TipRanks’ AI Analyst, GB:HSBA is a Outperform.
HSBC’s overall stock score is driven by strong financial performance and positive earnings call highlights. The company’s strategic initiatives and upgraded financial targets bolster confidence in future growth. Technical indicators suggest some short-term caution, but the long-term outlook remains positive. Valuation metrics are favorable, with an attractive dividend yield.
To see Spark’s full report on GB:HSBA stock, click here.
More about HSBC Holdings
HSBC Holdings PLC operates in the financial services industry, providing a wide range of banking and financial products and services to customers worldwide. The company is a major player in global banking, focusing on areas such as retail banking, wealth management, commercial banking, and global banking and markets.
Average Trading Volume: 24,173,929
Technical Sentiment Signal: Buy
Current Market Cap: £184.9B
For a thorough assessment of HSBA stock, go to TipRanks’ Stock Analysis page.