HSBC (HSBA) Stock Rating Reaffirmed by Shore Capital

Shore Capital restated their hold rating on shares of HSBC (LON:HSBA) in a report published on Monday morning.

Other research analysts have also issued research reports about the company. Morgan Stanley set a GBX 855 ($11.17) price target on HSBC and gave the stock a buy rating in a research note on Tuesday, August 14th. Citigroup reissued a buy rating on shares of HSBC in a research note on Wednesday, September 5th. Jefferies Financial Group reissued a buy rating and set a GBX 950 ($12.41) price target on shares of HSBC in a research note on Monday. Berenberg Bank reissued a hold rating and set a GBX 680 ($8.89) price target on shares of HSBC in a research note on Monday, July 23rd. Finally, Deutsche Bank reissued a hold rating and set a GBX 708.30 ($9.26) price target on shares of HSBC in a research note on Monday, July 16th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 719.86 ($9.41).

Shares of HSBC stock opened at GBX 638.80 ($8.35) on Monday. HSBC has a fifty-two week low of GBX 618 ($8.08) and a fifty-two week high of GBX 798.60 ($10.44).

The company also recently disclosed a dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Thursday, October 11th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 11th. This represents a dividend yield of 1.16%.

In other news, insider Iain Mackay sold 24,021 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of GBX 657 ($8.58), for a total transaction of £157,817.97 ($206,217.13).

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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