HSBC (LON:HSBA) Given Underweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of HSBC (LON:HSBA) in a research note issued to investors on Tuesday morning, Borsen Zeitung reports. They currently have a GBX 620 ($8.10) target price on the financial services provider’s stock.

Other analysts have also issued reports about the company. Jefferies Financial Group restated a hold rating and issued a GBX 691 ($9.03) price target on shares of HSBC in a report on Monday, August 5th. Goldman Sachs Group set a GBX 890 ($11.63) price target on HSBC and gave the company a buy rating in a report on Thursday, September 12th. UBS Group restated a neutral rating and issued a GBX 633 ($8.27) price target on shares of HSBC in a report on Monday, August 5th. Barclays restated an underweight rating and issued a GBX 610 ($7.97) price target on shares of HSBC in a report on Thursday, September 12th. Finally, Morgan Stanley restated an equal weight rating on shares of HSBC in a report on Friday, July 26th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. HSBC currently has an average rating of Hold and an average target price of GBX 655.60 ($8.57).

HSBA stock opened at GBX 615.60 ($8.04) on Tuesday. The business’s 50-day moving average price is GBX 615.25 and its two-hundred day moving average price is GBX 640.93. The firm has a market cap of $124.12 billion and a PE ratio of 8.91. HSBC has a 1-year low of GBX 6.30 ($0.08) and a 1-year high of GBX 687.70 ($8.99).

The business also recently announced a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, August 15th. This represents a yield of 1.3%. HSBC’s payout ratio is presently 0.46%.

In related news, insider Marc Moses bought 21,465 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of GBX 586 ($7.66) per share, for a total transaction of £125,784.90 ($164,360.25).

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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