HSBC Holdings plc (LON:HSBA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 669.52 ($8.74) and traded as high as GBX 670.20 ($8.75). HSBC shares last traded at GBX 669.20 ($8.74), with a volume of 23,543,757 shares trading hands.
Analysts Set New Price Targets
HSBA has been the subject of several research reports. Berenberg Bank restated a "buy" rating and set a GBX 870 ($11.36) price target on shares of HSBC in a report on Wednesday, August 21st. Citigroup reissued a "buy" rating on shares of HSBC in a research note on Monday, September 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 795 ($10.38).
View Our Latest Stock Analysis on HSBC
HSBC Price Performance
The company has a market capitalization of £122.38 billion, a P/E ratio of 755.96, a PEG ratio of 5.97 and a beta of 0.52. The stock's fifty day simple moving average is GBX 662.05 and its 200-day simple moving average is GBX 669.84.
HSBC Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 15th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 1.15%. HSBC's payout ratio is 5,393.26%.
About HSBC
(
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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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