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

Shares of HSBC Holdings plc (LON:HSBA) 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.

HSBC Price Performance

LON HSBA opened at GBX 687 ($8.92) on Friday. The company has a market cap of £124.97 billion, a P/E ratio of 766.07, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC has a 12 month low of GBX 572.90 ($7.44) and a 12 month high of GBX 725.20 ($9.42). The company has a 50-day moving average of GBX 666.07 and a 200-day moving average of GBX 671.94.

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.