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

Shares of HSBC Holdings plc (LON:HSBA) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 470.36 ($6.15).

Several research firms have recently commented on HSBA. restated a “neutral” rating and set a GBX 455 ($5.94) price target on shares of HSBC in a research note on Tuesday, June 8th. Jefferies Financial Group set a GBX 414 ($5.41) price target on HSBC in a research note on Monday, August 2nd. Barclays set a GBX 530 ($6.92) price target on HSBC in a research note on Friday, September 17th. JPMorgan Chase & Co. set a GBX 440 ($5.75) price target on HSBC in a research note on Monday, September 20th. Finally, Shore Capital restated a “hold” rating on shares of HSBC in a research note on Monday, August 2nd.

Shares of HSBC stock traded down GBX 1.40 ($0.02) during trading hours on Friday, hitting GBX 375.45 ($4.91). 27,587,520 shares of the company were exchanged, compared to its average volume of 19,685,617. HSBC has a 1 year low of GBX 281.50 ($3.68) and a 1 year high of GBX 462.55 ($6.04). The business has a 50-day moving average of GBX 392.04 and a 200-day moving average of GBX 418.44. The stock has a market capitalization of £76.69 billion and a price-to-earnings ratio of 11.45.

The company also recently announced a dividend, which will be paid on Thursday, September 30th. Shareholders of record on Thursday, August 19th will be issued a $0.07 dividend. This represents a yield of 1.27%. The ex-dividend date of this dividend is Thursday, August 19th. HSBC’s dividend payout ratio (DPR) is 0.45%.

In other news, insider Ewen Stevenson bought 42,366 shares of the stock in a transaction on Monday, August 23rd. The shares were bought at an average price of GBX 396 ($5.17) per share, with a total value of £167,769.36 ($219,191.74).

About HSBC

HSBC Holdings plc provides banking and financial products and services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services for ultra high net worth individuals; and wealth management services, including insurance and investment products, global asset management services, investment management, and private wealth solutions.

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Analyst Recommendations for HSBC (LON:HSBA)

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