HSBC’s (HSBA) “Neutral” Rating Reaffirmed at UBS Group

UBS Group restated their neutral rating on shares of HSBC (LON:HSBA) in a research note released on Thursday morning, www.boersen-zeitung.de reports. The brokerage currently has a GBX 665 ($8.69) price objective on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on HSBA. Credit Suisse Group set a GBX 720 ($9.41) price objective on shares of HSBC and gave the company a neutral rating in a report on Tuesday, August 7th. Royal Bank of Canada set a GBX 730 ($9.54) price objective on shares of HSBC and gave the company a neutral rating in a report on Monday, August 6th. Deutsche Bank reissued a hold rating on shares of HSBC in a report on Tuesday, August 7th. Barclays set a GBX 740 ($9.67) price objective on shares of HSBC and gave the company a neutral rating in a report on Tuesday, August 7th. Finally, Shore Capital reissued a sell rating on shares of HSBC in a report on Monday, August 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. HSBC presently has an average rating of Hold and a consensus target price of GBX 723.43 ($9.45).

Shares of HSBA opened at GBX 664.30 ($8.68) on Thursday. HSBC has a 1-year low of GBX 618 ($8.08) and a 1-year high of GBX 798.60 ($10.44).

The firm also recently declared a dividend, which was paid on Wednesday, November 21st. Shareholders of record on Thursday, October 11th were issued a $0.10 dividend. This represents a yield of 1.16%. The ex-dividend date was Thursday, October 11th.

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

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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