HSBC (LON:HSBA) Hits New 12-Month High at $670.10

HSBC Holdings plc (LON:HSBA)’s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 670.10 ($8.42) and last traded at GBX 669.30 ($8.41), with a volume of 71310133 shares changing hands. The stock had previously closed at GBX 663.57 ($8.34).

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HSBA shares. Barclays restated an “overweight” rating and set a GBX 800 ($10.05) target price on shares of HSBC in a research report on Thursday, February 29th. JPMorgan Chase & Co. boosted their price objective on shares of HSBC from GBX 600 ($7.54) to GBX 660 ($8.29) and gave the stock a “neutral” rating in a report on Thursday, April 11th. Berenberg Bank dropped their target price on shares of HSBC from GBX 820 ($10.30) to GBX 800 ($10.05) and set a “buy” rating for the company in a report on Wednesday, February 21st. Shore Capital reissued a “buy” rating on shares of HSBC in a research note on Tuesday. Finally, Citigroup reaffirmed a “buy” rating and issued a GBX 810 ($10.17) price objective on shares of HSBC in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 822.94 ($10.34).

HSBC Trading Up 0.8 %

The firm has a market capitalization of £132.40 billion, a PE ratio of 764.40, a PEG ratio of 0.45 and a beta of 0.58. The stock’s 50 day moving average price is GBX 624.45 and its two-hundred day moving average price is GBX 618.53.

HSBC Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 9th will be issued a dividend of $0.31 per share. This represents a yield of 3.7%. The ex-dividend date is Thursday, May 9th. HSBC’s dividend payout ratio (DPR) is presently 5,274.73%.

Insider Transactions at HSBC

In related news, insider Georges Elhedery sold 28,719 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of GBX 590 ($7.41), for a total transaction of £169,442.10 ($212,840.22). In other news, insider Georges Elhedery sold 28,719 shares of HSBC stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 590 ($7.41), for a total transaction of £169,442.10 ($212,840.22). Also, insider Noel Quinn sold 89,546 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of GBX 596 ($7.49), for a total transaction of £533,694.16 ($670,385.83). Insiders own 0.36% of the company’s stock.

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.