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

Shares of HSBC Holdings plc (LON:HSBA) have been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 822.94 ($10.16).

A number of research analysts have issued reports on HSBA shares. Shore Capital reaffirmed a “buy” rating on shares of HSBC in a report on Tuesday, April 9th. Berenberg Bank decreased their price target on shares of HSBC from GBX 820 ($10.13) to GBX 800 ($9.88) and set a “buy” rating for the company in a report on Wednesday, February 21st. Barclays reaffirmed an “overweight” rating and issued a GBX 800 ($9.88) price target on shares of HSBC in a report on Thursday, February 29th. JPMorgan Chase & Co. raised their price target on shares of HSBC from GBX 600 ($7.41) to GBX 660 ($8.15) and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Citigroup reissued a “buy” rating and set a GBX 810 ($10.00) target price on shares of HSBC in a report on Wednesday, April 10th.

Insider Activity

In other news, insider Noel Quinn sold 89,546 shares of HSBC stock in a transaction dated Monday, February 26th. The shares were sold at an average price of GBX 596 ($7.36), for a total value of £533,694.16 ($659,207.21). In other news, insider Noel Quinn sold 89,546 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of GBX 596 ($7.36), for a total value of £533,694.16 ($659,207.21). Also, insider Georges Elhedery sold 28,719 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of GBX 590 ($7.29), for a total transaction of £169,442.10 ($209,291.13). Company insiders own 0.36% of the company’s stock.

HSBC Stock Up 0.4 %

LON:HSBA opened at GBX 664.60 ($8.21) on Friday. HSBC has a 52 week low of GBX 560.60 ($6.92) and a 52 week high of GBX 669.80 ($8.27). The firm has a 50 day moving average of GBX 622.32 and a 200 day moving average of GBX 618.58. The stock has a market capitalization of £125.54 billion, a price-to-earnings ratio of 727.36, a PEG ratio of 0.45 and a beta of 0.58.

HSBC Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, March 7th were given a $0.31 dividend. This is a positive change from HSBC’s previous dividend of $0.10. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 3.81%. HSBC’s dividend payout ratio (DPR) is 5,274.73%.

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.