HSBC Holdings plc (LON:HSBA) Receives GBX 822.94 Average PT from Analysts

HSBC Holdings plc (LON:HSBA) has been given an average rating of “Moderate Buy” by the ten analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 822.94 ($10.34).

A number of brokerages have recently weighed in on HSBA. Citigroup restated a “buy” rating and issued a GBX 810 ($10.17) price objective on shares of HSBC in a report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of HSBC from GBX 600 ($7.54) to GBX 660 ($8.29) and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Barclays reaffirmed an “overweight” rating and set a GBX 800 ($10.05) price objective on shares of HSBC in a research note on Thursday, February 29th. Berenberg Bank lowered their target price on HSBC from GBX 820 ($10.30) to GBX 800 ($10.05) and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, Shore Capital restated a “buy” rating on shares of HSBC in a research report on Tuesday.

Insiders Place Their Bets

In other news, insider Georges Elhedery sold 28,719 shares of HSBC stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of GBX 590 ($7.41), for a total transaction of £169,442.10 ($212,840.22). In other HSBC news, insider Georges Elhedery sold 28,719 shares of HSBC stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 590 ($7.41), for a total value of £169,442.10 ($212,840.22). Also, insider Noel Quinn sold 89,546 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of GBX 596 ($7.49), for a total transaction of £533,694.16 ($670,385.83). 0.36% of the stock is owned by corporate insiders.

HSBC Trading Up 4.1 %

Shares of LON HSBA opened at GBX 695.60 ($8.74) on Friday. The stock has a market cap of £131.40 billion, a price-to-earnings ratio of 764.40, a P/E/G ratio of 0.45 and a beta of 0.58. The stock’s 50-day moving average is GBX 624.45 and its 200 day moving average is GBX 618.53. HSBC has a 1-year low of GBX 572.90 ($7.20) and a 1-year high of GBX 702.50 ($8.82).

HSBC Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 9th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 3.7%. HSBC’s dividend payout ratio (DPR) is presently 5,274.73%.

HSBC Company Profile

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.