HSBC Holdings plc (HSBA) Receives GBX 648.33 Consensus Target Price from Analysts

HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Hold” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 648.33 ($8.47).

Several analysts recently weighed in on the stock. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 670 ($8.75) target price on shares of HSBC in a report on Friday, May 3rd. Royal Bank of Canada set a GBX 600 ($7.84) target price on shares of HSBC and gave the company a “sell” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. set a GBX 620 ($8.10) target price on shares of HSBC and gave the company a “sell” rating in a report on Friday, May 3rd. Shore Capital reaffirmed a “hold” rating on shares of HSBC in a report on Friday, May 3rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 625 ($8.17) target price on shares of HSBC in a report on Friday, May 3rd.

In other HSBC news, insider John Flint sold 72,969 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of GBX 622 ($8.13), for a total transaction of £453,867.18 ($593,057.86). Also, insider Marc Moses sold 223,653 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of GBX 626 ($8.18), for a total transaction of £1,400,067.78 ($1,829,436.53). In the last three months, insiders have sold 467,788 shares of company stock worth $292,274,178.

Shares of LON HSBA traded down GBX 6.30 ($0.08) during midday trading on Thursday, hitting GBX 654.70 ($8.55). The company’s stock had a trading volume of 46,382,914 shares, compared to its average volume of 26,590,000. HSBC has a 1 year low of GBX 596.40 ($7.79) and a 1 year high of GBX 749.90 ($9.80). The firm has a market cap of $132.13 billion and a price-to-earnings ratio of 9.49.

The business also recently disclosed a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a yield of 1.15%. HSBC’s payout ratio is currently 0.93%.

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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