HSBC (LON:HSBA) Given a GBX 440 Price Target by JPMorgan Chase & Co. Analysts

JPMorgan Chase & Co. set a GBX 440 ($5.75) target price on HSBC (LON:HSBA) in a research note released on Monday morning, Borsen Zeitung reports.

A number of other analysts have also commented on the stock. The Goldman Sachs Group set a GBX 605 ($7.90) price target on shares of HSBC in a research note on Monday, August 2nd. Credit Suisse Group restated a neutral rating and set a GBX 465 ($6.08) price target on shares of HSBC in a research note on Tuesday, August 3rd. Royal Bank of Canada set a GBX 460 ($6.01) price target on shares of HSBC in a research note on Friday. Berenberg Bank restated a hold rating and set a GBX 470 ($6.14) price target on shares of HSBC in a research note on Friday, September 10th. Finally, Shore Capital restated a hold rating on shares of HSBC in a research note on Monday, August 2nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, HSBC has an average rating of Hold and an average price target of GBX 470.36 ($6.15).

Shares of LON HSBA opened at GBX 361.70 ($4.73) on Monday. The company has a market capitalization of £73.88 billion and a P/E ratio of 11.03. HSBC has a 52-week low of GBX 281.50 ($3.68) and a 52-week high of GBX 462.55 ($6.04). The company’s 50 day moving average price is GBX 395 and its 200-day moving average price is GBX 420.35.

The firm also recently declared a dividend, which will be paid on Thursday, September 30th. Investors of record on Thursday, August 19th will be paid a $0.07 dividend. This represents a yield of 1.27%. The ex-dividend date is Thursday, August 19th. HSBC’s payout ratio is 48.78%.

In other news, insider Ewen Stevenson acquired 42,366 shares of the stock in a transaction on Monday, August 23rd. The stock was acquired at an average price of GBX 396 ($5.17) per share, with a total value of £167,769.36 ($219,191.74).

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and 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 products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services for ultra high net worth individuals; and wealth management services, including insurance and investment products, global asset management services, investment management, and private wealth solutions.

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Analyst Recommendations for HSBC (LON:HSBA)

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