HSBC Holdings plc (LON:HSBA) Receives GBX 795 Consensus Price Target from Brokerages

HSBC Holdings plc (LON:HSBA) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 795 ($10.02).

A number of equities analysts recently weighed in on HSBA shares. Citigroup restated a “buy” rating on shares of HSBC in a research report on Monday, September 2nd. Berenberg Bank restated a “buy” rating and set a GBX 870 ($10.96) target price on shares of HSBC in a research report on Wednesday, August 21st.

HSBC Stock Performance

The stock has a 50-day moving average price of GBX 681.34 and a two-hundred day moving average price of GBX 678.24. The stock has a market capitalization of £130.39 billion, a PE ratio of 805.39, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a 52 week low of GBX 572.90 ($7.22) and a 52 week high of GBX 729.60 ($9.19).

HSBC Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, November 7th will be given a dividend of $0.10 per share. This represents a yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 7th. HSBC’s dividend payout ratio (DPR) is 5,393.26%.

Insider Buying and Selling at HSBC

In other news, insider Georges Elhedery purchased 41,720 shares of the stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of GBX 718 ($9.05) per share, for a total transaction of £299,549.60 ($377,504.22). Insiders own 0.32% of the company’s stock.

About HSBC

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.