HSBC Holdings plc (LON:HSBA) Receives Average Rating of “Moderate Buy” from Analysts

HSBC Holdings plc (LON:HSBA) has received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 792 ($10.27).

Several research analysts recently weighed in on HSBA shares. Berenberg Bank boosted their target price on HSBC from GBX 800 ($10.37) to GBX 830 ($10.76) and gave the stock a “buy” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. boosted their target price on HSBC from GBX 660 ($8.56) to GBX 700 ($9.08) and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Shore Capital restated a “buy” rating on shares of HSBC in a research note on Tuesday, April 30th. Finally, Citigroup restated a “top pick” rating on shares of HSBC in a research note on Monday, July 8th.

Insider Buying and Selling at HSBC

In related news, insider Georges Elhedery bought 26,899 shares of the stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of GBX 713 ($9.25) per share, for a total transaction of £191,789.87 ($248,722.44). Company insiders own 0.32% of the company’s stock.

HSBC Price Performance

Shares of HSBA stock opened at GBX 663.90 ($8.61) on Wednesday. HSBC has a 1-year low of GBX 572.90 ($7.43) and a 1-year high of GBX 725.20 ($9.40). The stock’s fifty day moving average price is GBX 687.71 and its 200 day moving average price is GBX 647.69. The company has a market cap of £124.55 billion, a price-to-earnings ratio of 729.67, a price-to-earnings-growth ratio of 5.15 and a beta of 0.56.

HSBC Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, June 21st. Shareholders of record on Thursday, May 9th were paid a dividend of $0.31 per share. The ex-dividend date was Thursday, May 9th. This represents a yield of 3.7%. HSBC’s payout ratio is presently 5,384.62%.

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.