HSBC Holdings plc (LON:HSBA) has received a consensus rating of “Hold” from the eighteen research firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 648.33 ($8.47).
A number of equities analysts have recently issued reports on HSBA shares. JPMorgan Chase & Co. set a GBX 620 ($8.10) price objective on shares of HSBC and gave the company a “sell” rating in a research note on Friday, May 3rd. Royal Bank of Canada set a GBX 600 ($7.84) price objective on shares of HSBC and gave the company a “sell” rating in a research note on Tuesday, February 19th. Barclays set a GBX 600 ($7.84) price objective on shares of HSBC and gave the company a “sell” rating in a research note on Tuesday, May 7th. Credit Suisse Group set a GBX 695 ($9.08) target price on shares of HSBC and gave the stock a “neutral” rating in a report on Thursday, January 31st. Finally, Goldman Sachs Group lowered their target price on shares of HSBC from GBX 780 ($10.19) to GBX 775 ($10.13) and set a “neutral” rating on the stock in a report on Tuesday, March 12th.
Shares of HSBA stock traded up GBX 2.40 ($0.03) during mid-day trading on Thursday, reaching GBX 652.50 ($8.53). The company’s stock had a trading volume of 15,374,513 shares, compared to its average volume of 26,590,000. HSBC has a 1-year low of GBX 596.40 ($7.79) and a 1-year high of GBX 749.90 ($9.80). The stock has a market cap of $131.68 billion and a price-to-earnings ratio of 9.46.
The company also recently announced a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, May 16th will be issued a $0.10 dividend. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 16th. HSBC’s payout ratio is 0.93%.
In related news, insider Ewen Stevenson acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were purchased at an average price of GBX 645 ($8.43) per share, with a total value of £645,000 ($842,806.74). Also, insider John Flint sold 24,517 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of GBX 621 ($8.11), for a total transaction of £152,250.57 ($198,942.34). In the last three months, insiders have sold 467,788 shares of company stock worth $292,274,178.
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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