HSBC Holdings plc (LON:HSBA) Receives Consensus Rating of “Moderate Buy” from Analysts

HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 795 ($10.65).

Several research analysts recently weighed in on the stock. Berenberg Bank restated a “buy” rating and set a GBX 870 ($11.65) price target on shares of HSBC in a research report on Wednesday, August 21st. Citigroup reissued a “buy” rating on shares of HSBC in a research note on Monday, September 2nd.

HSBC Stock Performance

HSBA stock opened at GBX 680.90 ($9.12) on Monday. The firm’s fifty day moving average is GBX 658.52 and its 200 day moving average is GBX 662.62. The firm has a market cap of £124.74 billion, a PE ratio of 774.89, a P/E/G ratio of 5.01 and a beta of 0.52. HSBC has a one year low of GBX 572.90 ($7.67) and a one year high of GBX 725.20 ($9.71).

HSBC Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, August 15th were given a $0.10 dividend. This represents a yield of 1.15%. The ex-dividend date was Thursday, August 15th. HSBC’s dividend payout ratio is currently 5,454.55%.

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.