HSBC Holdings plc (LON:HSBA) Receives Average Recommendation of “Moderate Buy” from Analysts

HSBC Holdings plc (LON:HSBAGet Free Report) has received a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 807.65 ($10.26).

Several research analysts recently issued reports on the stock. Shore Capital reissued a “buy” rating on shares of HSBC in a report on Tuesday, April 30th. Berenberg Bank increased their price target on shares of HSBC from GBX 800 ($10.17) to GBX 830 ($10.55) and gave the stock a “buy” rating in a report on Tuesday, April 30th. Barclays reissued an “overweight” rating and set a GBX 800 ($10.17) price target on shares of HSBC in a report on Thursday, February 29th. JPMorgan Chase & Co. increased their price target on shares of HSBC from GBX 660 ($8.39) to GBX 700 ($8.90) and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, Citigroup reaffirmed a “buy” rating and issued a GBX 810 ($10.29) target price on shares of HSBC in a report on Wednesday, April 10th.

Check Out Our Latest Stock Analysis on HSBA

Insider Buying and Selling

In other HSBC news, insider Noel Quinn sold 89,546 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of GBX 596 ($7.57), for a total value of £533,694.16 ($678,309.81). In other news, insider Noel Quinn sold 89,546 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of GBX 596 ($7.57), for a total value of £533,694.16 ($678,309.81). Also, insider Georges Elhedery sold 28,719 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 590 ($7.50), for a total transaction of £169,442.10 ($215,356.00). 0.32% of the stock is currently owned by insiders.

HSBC Stock Performance

Shares of HSBA opened at GBX 693.40 ($8.81) on Tuesday. HSBC has a fifty-two week low of GBX 572.90 ($7.28) and a fifty-two week high of GBX 725.20 ($9.22). The company has a market capitalization of £130.43 billion, a price-to-earnings ratio of 753.70, a price-to-earnings-growth ratio of 5.17 and a beta of 0.56. The firm has a 50-day simple moving average of GBX 661.44 and a 200-day simple moving average of GBX 629.25.

HSBC Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 9th will be paid a $0.31 dividend. This represents a dividend yield of 3.7%. The ex-dividend date is Thursday, May 9th. HSBC’s dividend payout ratio is presently 5,326.09%.

About HSBC

(Get Free Report

HSBC Holdings plc provides banking and financial 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 and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising 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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