HSBC (NYSE:HBC)‘s stock had its “neutral” rating reiterated by equities research analysts at Bank of America Corp. in a research note issued to investors on Friday, StockRatingsNetwork reports.
Shares of HSBC (NYSE:HBC) traded up 0.31% on Friday, hitting $55.21. The stock had a trading volume of 994,112 shares. HSBC has a 52 week low of $46.13 and a 52 week high of $58.71. The stock has a 50-day moving average of $55.09 and a 200-day moving average of $54.84. The company has a market cap of $201.5 billion and a P/E ratio of 13.21.
The company also recently announced a special dividend, which is scheduled for Wednesday, December 11th. Investors of record on Friday, October 25th will be paid a dividend of $0.50 per share. This represents a dividend yield of 3.74%. The ex-dividend date is Wednesday, October 23rd.
A number of other firms have also recently commented on HBC. Analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC in a research note to investors on Tuesday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC in a research note to investors on Monday. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of HSBC in a research note to investors on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $449.50.
HSBC Holdings plc is a banking and financial services organization. It serves around 89 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.
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