HSBC Holdings plc (LON:HSBA) Receives GBX 795 Average PT from Analysts

HSBC Holdings plc (LON:HSBA - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 795 ($10.38).

A number of research analysts recently issued reports on the company. 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 ($11.36) price target on shares of HSBC in a research note on Wednesday, August 21st.

HSBC Stock Performance

LON HSBA traded up GBX 2.60 ($0.03) on Friday, reaching GBX 680.60 ($8.89). The company had a trading volume of 13,620,088 shares, compared to its average volume of 25,708,418. The company's fifty day moving average is GBX 663.85 and its 200-day moving average is GBX 670.70. HSBC has a 1-year low of GBX 572.90 ($7.48) and a 1-year high of GBX 725.20 ($9.47). The firm has a market capitalization of £123.80 billion, a price-to-earnings ratio of 764.72, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.

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 paid a $0.10 dividend. The ex-dividend date was Thursday, August 15th. This represents a yield of 1.15%. HSBC's dividend payout ratio is 5,393.26%.

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.