HSBC Holdings plc (LON:HSBA) Receives GBX 612.50 Consensus Price Target from Analysts

Shares of HSBC Holdings plc (LON:HSBA) have received an average rating of “Hold” from the sixteen analysts that are covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 607.73 ($7.99).

A number of equities analysts have issued reports on HSBA shares. DZ Bank lifted their target price on shares of HSBC from GBX 500 ($6.58) to GBX 540 ($7.10) and gave the stock a “sell” rating in a research report on Wednesday. Morgan Stanley restated an “underweight” rating on shares of HSBC in a research report on Wednesday. Berenberg Bank restated a “sell” rating on shares of HSBC in a research report on Monday, December 2nd. Bank of America upgraded shares of HSBC to a “buy” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada cut their target price on shares of HSBC from GBX 580 ($7.63) to GBX 550 ($7.23) and set an “underperform” rating for the company in a research report on Friday, November 22nd.

HSBA stock traded up GBX 0.70 ($0.01) during trading on Friday, reaching GBX 559.70 ($7.36). 28,883,173 shares of the company were exchanged, compared to its average volume of 26,590,000. The company has a market cap of $113.53 billion and a P/E ratio of 8.69. HSBC has a 52-week low of GBX 0.78 ($0.01) and a 52-week high of GBX 687.70 ($9.05). The stock’s 50 day moving average price is GBX 580.07 and its 200 day moving average price is GBX 594.97.

The business also recently declared a dividend, which will be paid on Tuesday, April 14th. Investors of record on Thursday, February 27th will be given a dividend of $0.21 per share. This is a positive change from HSBC’s previous dividend of $0.10. The ex-dividend date of this dividend is Thursday, February 27th. This represents a yield of 2.73%. HSBC’s dividend payout ratio is 0.48%.

About HSBC

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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