HSBC (NYSE:HBC) was upgraded by stock analysts at Jefferies Group from a “hold” rating to a “buy” rating in a report issued on Friday, AnalystRatings.Net reports.
HSBC (NYSE:HBC) traded down 0.29% on Friday, hitting $55.09. HSBC has a 52-week low of $42.85 and a 52-week high of $58.71. The stock’s 50-day moving average is currently $54.67. The company has a market cap of $201.1 billion and a price-to-earnings ratio of 13.27.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated a “sector performer” rating on shares of HSBC in a research note to investors on Tuesday, August 6th. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of HSBC in a research note to investors on Tuesday, August 6th. Finally, analysts at JPMorgan Cazenove reiterated an “overweight” rating on shares of HSBC in a research note to investors on Tuesday, August 6th.
One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $662.00.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 9th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Wednesday, August 21st.
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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