HSBC Holdings plc (LON:HSBA) Given Consensus Rating of “Hold” by Brokerages

Shares of HSBC Holdings plc (LON:HSBA) have earned an average rating of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 644.92 ($8.43).

A number of equities analysts have recently issued reports on HSBA shares. Deutsche Bank lowered their price objective on HSBC from GBX 540 ($7.06) to GBX 520 ($6.79) and set a “sell” rating for the company in a research report on Friday, September 6th. Morgan Stanley set a GBX 540 ($7.06) price objective on HSBC and gave the stock a “sell” rating in a research report on Wednesday. Barclays set a GBX 610 ($7.97) price objective on HSBC and gave the stock a “sell” rating in a research report on Monday, September 23rd. UBS Group restated a “neutral” rating and set a GBX 633 ($8.27) price objective on shares of HSBC in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 620 ($8.10) price objective on shares of HSBC in a research report on Tuesday, September 17th.

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

Shares of HSBA opened at GBX 607.40 ($7.94) on Friday. HSBC has a 1 year low of GBX 6.30 ($0.08) and a 1 year high of GBX 687.70 ($8.99). The company has a market capitalization of $123.06 billion and a price-to-earnings ratio of 8.79. The business has a 50-day moving average of GBX 605.70 and a 200-day moving average of GBX 639.95.

The firm also recently announced a dividend, which will be paid on Wednesday, November 20th. Investors of record on Thursday, October 10th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, October 10th. This represents a yield of 1.35%. HSBC’s dividend payout ratio is currently 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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