HSBC (LON:HSBA) Receives Sell Rating from Berenberg Bank

Berenberg Bank reissued their sell rating on shares of HSBC (LON:HSBA) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also recently commented on HSBA. Jefferies Financial Group raised shares of HSBC to a buy rating and lifted their price objective for the stock from GBX 691 ($9.03) to GBX 790 ($10.32) in a research note on Monday, November 18th. Goldman Sachs Group decreased their target price on shares of HSBC from GBX 905 ($11.83) to GBX 865 ($11.30) and set a buy rating on the stock in a research report on Thursday, November 14th. JPMorgan Chase & Co. set a GBX 600 ($7.84) target price on shares of HSBC and gave the company a sell rating in a research report on Monday, October 28th. UBS Group reaffirmed a neutral rating and issued a GBX 575 ($7.51) price target on shares of HSBC in a report on Wednesday, November 20th. Finally, Deutsche Bank reiterated a sell rating and issued a GBX 520 ($6.79) price target (down previously from GBX 560 ($7.32)) on shares of HSBC in a research report on Monday, October 28th. Eight research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. HSBC has a consensus rating of Hold and an average target price of GBX 616.07 ($8.05).

HSBC stock opened at GBX 556.80 ($7.28) on Monday. The company has a market cap of $112.19 billion and a price-to-earnings ratio of 8.65. The firm’s fifty day moving average is GBX 588.04 and its 200 day moving average is GBX 623.54. HSBC has a 52-week low of GBX 0.78 ($0.01) and a 52-week high of GBX 687.70 ($8.99).

The company also recently announced a dividend, which was paid on Wednesday, November 20th. Stockholders of record on Thursday, October 10th were paid a $0.10 dividend. This represents a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, October 10th. HSBC’s dividend payout ratio is currently 0.48%.

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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

Analyst Recommendations for HSBC (LON:HSBA)

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