Shares of HSBC Holdings plc (LON:HSBA – Get Free Report) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 795 ($10.32).
HSBA has been the subject of several research analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 870 ($11.30) price target on shares of HSBC in a research report on Wednesday, August 21st. Citigroup restated a “buy” rating on shares of HSBC in a report on Monday, September 2nd.
Read Our Latest Report on HSBC
HSBC Price Performance
HSBC Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, August 15th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, August 15th. This represents a yield of 1.15%. HSBC’s dividend payout ratio (DPR) is 5,393.26%.
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.
Featured Stories
- Five stocks we like better than HSBC
- Where Do I Find 52-Week Highs and Lows?
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- What is the S&P 500 and How It is Distinct from Other Indexes
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Investing in Travel Stocks Benefits
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.