HSBC Holdings plc (LON:HSBA – Get Free Report) announced a dividend on Tuesday, October 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 7th will be given a dividend of $0.10 per share by the financial services provider on Thursday, December 19th. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, November 7th. The official announcement can be seen at this link.
HSBC Stock Performance
Shares of LON HSBA opened at GBX 717.90 ($9.31) on Tuesday. HSBC has a 52 week low of GBX 572.90 ($7.43) and a 52 week high of GBX 729.20 ($9.46). The stock has a market capitalization of £130.59 billion, a P/E ratio of 806.79, a PEG ratio of 5.97 and a beta of 0.52. The stock’s fifty day moving average is GBX 673.77 and its 200 day moving average is GBX 675.04.
Analyst Upgrades and Downgrades
HSBA has been the topic of several research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 870 ($11.28) price objective on shares of HSBC in a research note on Wednesday, August 21st. Citigroup reaffirmed a “buy” rating on shares of HSBC in a research report on Monday, September 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 795 ($10.31).
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.
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