Goldman Sachs Group Reaffirms “Buy” Rating for HSBC (LON:HSBA)

Goldman Sachs Group restated their buy rating on shares of HSBC (LON:HSBA) in a report released on Tuesday, Borsen Zeitung reports. They currently have a GBX 905 ($11.83) target price on the financial services provider’s stock, down from their prior target price of GBX 920 ($12.02).

HSBA has been the subject of several other research reports. Credit Suisse Group set a GBX 680 ($8.89) price target on HSBC and gave the stock a neutral rating in a research report on Tuesday, August 6th. Shore Capital reissued a hold rating on shares of HSBC in a research report on Monday, August 5th. Royal Bank of Canada set a GBX 600 ($7.84) price target on HSBC and gave the stock a sell rating in a research report on Monday, August 5th. Bank of America reissued a neutral rating on shares of HSBC in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. reissued an underweight rating on shares of HSBC in a research report on Tuesday, July 16th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 659.27 ($8.61).

Shares of HSBA stock opened at GBX 591.30 ($7.73) on Tuesday. The stock has a fifty day moving average price of GBX 653.03 and a 200 day moving average price of GBX 647.38. The stock has a market cap of $119.93 billion and a PE ratio of 8.56. HSBC has a 1 year low of GBX 596.40 ($7.79) and a 1 year high of GBX 727.90 ($9.51).



The business also recently declared a dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.10 per share. This represents a yield of 1.3%. The ex-dividend date is Thursday, August 15th. HSBC’s payout ratio is 0.45%.

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Analyst Recommendations for HSBC (LON:HSBA)

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