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

HSBC Holdings plc (LON:HSBA) has been assigned a consensus rating of “Hold” from the seventeen analysts that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 660.83 ($8.63).

A number of research firms have recently commented on HSBA. Credit Suisse Group restated a “neutral” rating and issued a GBX 670 ($8.75) price objective on shares of HSBC in a research report on Friday, May 3rd. Royal Bank of Canada set a GBX 600 ($7.84) price target on HSBC and gave the stock a “sell” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. set a GBX 620 ($8.10) price target on HSBC and gave the stock a “sell” rating in a research report on Friday, May 3rd. Shore Capital reiterated a “hold” rating on shares of HSBC in a research report on Friday, May 3rd. Finally, UBS Group reiterated a “neutral” rating and set a GBX 625 ($8.17) price target on shares of HSBC in a research report on Friday, May 3rd.

Shares of HSBC stock traded down GBX 2.30 ($0.03) on Monday, reaching GBX 645.60 ($8.44). The company’s stock had a trading volume of 22,598,818 shares, compared to its average volume of 26,590,000. The stock has a market capitalization of $130.30 billion and a PE ratio of 9.36. HSBC has a 52-week low of GBX 596.40 ($7.79) and a 52-week high of GBX 739.10 ($9.66).

The company also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 16th will be given a dividend of $0.10 per share. This represents a dividend yield of 1.15%. The ex-dividend date is Thursday, May 16th. HSBC’s payout ratio is 0.45%.

In related news, insider Marc Moses sold 146,649 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of GBX 625 ($8.17), for a total transaction of £916,556.25 ($1,197,643.08).

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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