Shares of HSBC Holdings plc (LON:HSBA - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as GBX 752.70 ($9.59) and last traded at GBX 752.61 ($9.59), with a volume of 122003555 shares. The stock had previously closed at GBX 743.60 ($9.48).
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Citigroup reiterated a "buy" rating on shares of HSBC in a report on Monday, September 2nd. Berenberg Bank reaffirmed a "buy" rating and set a GBX 870 ($11.09) target price 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 795 ($10.13).
Check Out Our Latest Stock Report on HSBC
HSBC Stock Up 0.9 %
The firm has a 50 day moving average of GBX 701.94 and a 200 day moving average of GBX 681.91. The firm has a market cap of £136.44 billion, a PE ratio of 845.36, a P/E/G ratio of 5.97 and a beta of 0.52.
HSBC Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Thursday, December 19th. Stockholders 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 is Thursday, November 7th. HSBC's payout ratio is currently 5,393.26%.
Insiders Place Their Bets
In related news, insider Georges Elhedery bought 41,720 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of GBX 718 ($9.15) per share, with a total value of £299,549.60 ($381,737.73). 0.32% of the stock is owned by insiders.
HSBC Company Profile
(
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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