HSBC Holdings plc (LON:HSBA) Given Average Recommendation of “Moderate Buy” by Brokerages

HSBC Holdings plc (LON:HSBA) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 822.94 ($10.16).

Several equities analysts have recently issued reports on HSBA shares. Barclays reissued an “overweight” rating and set a GBX 800 ($9.88) price target on shares of HSBC in a report on Thursday, February 29th. Berenberg Bank reduced their price target on shares of HSBC from GBX 820 ($10.13) to GBX 800 ($9.88) and set a “buy” rating for the company in a report on Wednesday, February 21st. Shore Capital reissued a “buy” rating on shares of HSBC in a report on Tuesday, April 9th. JPMorgan Chase & Co. boosted their price target on shares of HSBC from GBX 600 ($7.41) to GBX 660 ($8.15) and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Citigroup reissued a “buy” rating and set a GBX 810 ($10.00) price target on shares of HSBC in a report on Wednesday, April 10th.

HSBC Price Performance

HSBC stock opened at GBX 664.60 ($8.21) on Friday. HSBC has a 12 month low of GBX 560.60 ($6.92) and a 12 month high of GBX 669.80 ($8.27). The company has a market cap of £125.54 billion, a PE ratio of 727.36, a P/E/G ratio of 0.45 and a beta of 0.58. The company has a fifty day moving average price of GBX 622.32 and a two-hundred day moving average price of GBX 618.58.

HSBC Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, March 7th were paid a dividend of $0.31 per share. This is a boost from HSBC’s previous dividend of $0.10. This represents a dividend yield of 3.81%. The ex-dividend date was Thursday, March 7th. HSBC’s payout ratio is currently 5,274.73%.

Insider Activity at HSBC

In other HSBC news, insider Georges Elhedery sold 28,719 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 590 ($7.29), for a total value of £169,442.10 ($209,291.13). In other HSBC news, insider Noel Quinn sold 89,546 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of GBX 596 ($7.36), for a total value of £533,694.16 ($659,207.21). Also, insider Georges Elhedery sold 28,719 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of GBX 590 ($7.29), for a total transaction of £169,442.10 ($209,291.13). Company insiders own 0.36% of the company’s stock.

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.