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

HSBC Holdings plc (LON:HSBA) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 795 ($10.50).

HSBA has been the topic of several recent research reports. Citigroup reiterated a “buy” rating on shares of HSBC in a research report on Monday, September 2nd. Berenberg Bank restated a “buy” rating and issued a GBX 870 ($11.49) price objective on shares of HSBC in a report on Wednesday, August 21st.

HSBC Price Performance

Shares of HSBA opened at GBX 668 ($8.82) on Monday. The stock has a market cap of £122.38 billion, a PE ratio of 757.39, a PEG ratio of 5.01 and a beta of 0.52. HSBC has a 12-month low of GBX 572.90 ($7.57) and a 12-month high of GBX 725.20 ($9.58). The business has a 50-day simple moving average of GBX 658.12 and a two-hundred day simple moving average of GBX 661.25.

HSBC Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.10 per share. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, August 15th. HSBC’s dividend payout ratio (DPR) is presently 5,454.55%.

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.