HSBC Holdings plc (LON:HSBA - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 747.06 ($9.46) and last traded at GBX 746.70 ($9.45), with a volume of 188251375 shares. The stock had previously closed at GBX 737.90 ($9.34).
Analysts Set New Price Targets
A number of brokerages recently issued reports on HSBA. Citigroup reissued a "buy" rating on shares of HSBC in a research report on Monday, September 2nd. Berenberg Bank reissued a "buy" rating and issued a GBX 870 ($11.01) price target on shares of HSBC in a research report on Wednesday, August 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 795 ($10.06).
Get Our Latest Research Report on HSBA
HSBC Price Performance
The firm's 50 day moving average price is GBX 694.29 and its 200-day moving average price is GBX 680.33. The stock has a market cap of £135.28 billion, a P/E ratio of 838.76, a P/E/G ratio of 5.97 and a beta of 0.52.
HSBC Announces Dividend
The firm also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, November 7th will be issued a $0.10 dividend. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 7th. HSBC's payout ratio is 5,393.26%.
Insider Buying and Selling at HSBC
In related news, insider Georges Elhedery bought 41,720 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of GBX 718 ($9.09) per share, for a total transaction of £299,549.60 ($379,128.72). Company insiders own 0.32% of the company's stock.
About HSBC
(
Get Free Report)
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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