HSBC (NYSE:HBC)‘s stock had its “buy” rating restated by research analysts at Investec in a report released on Friday, American Banking News reports.
Shares of HSBC (NYSE:HBC) traded up 0.31% during mid-day trading on Friday, hitting $55.21. 994,112 shares of the company’s stock traded hands. HSBC has a 52-week low of $46.13 and a 52-week high of $58.71. The stock’s 50-day moving average is $55.09 and its 200-day moving average is $54.84. The company has a market cap of $201.5 billion and a price-to-earnings ratio of 13.21.
The company also recently declared a special dividend, which is scheduled for Wednesday, December 11th. Investors of record on Friday, October 25th will be given a dividend of $0.50 per share. This represents a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, October 23rd.
A number of other firms have also recently commented on HBC. Analysts at Bank of America Corp. reiterated a “neutral” rating on shares of HSBC in a research note to investors on Friday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC in a research note to investors on Tuesday. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC in a research note to investors on Monday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus 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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