Goldman Sachs Group set a GBX 905 ($11.83) price objective on HSBC (LON:HSBA) in a research note published on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the financial services provider’s stock.
Several other research analysts have also commented on HSBA. Morgan Stanley restated an equal weight rating on shares of HSBC in a report on Friday, July 26th. Credit Suisse Group set a GBX 680 ($8.89) price objective on shares of HSBC and gave the stock a neutral rating in a report on Tuesday, August 6th. Jefferies Financial Group restated a hold rating and issued a GBX 691 ($9.03) price objective on shares of HSBC in a report on Monday, August 5th. Shore Capital restated a hold rating on shares of HSBC in a report on Monday, August 5th. Finally, Royal Bank of Canada set a GBX 600 ($7.84) price objective on shares of HSBC and gave the stock a sell rating in a report on Monday, August 5th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 659.27 ($8.61).
Shares of LON HSBA opened at GBX 586.40 ($7.66) on Thursday. HSBC has a 12 month low of GBX 6.30 ($0.08) and a 12 month high of GBX 695.90 ($9.09). The firm has a market capitalization of $118.62 billion and a PE ratio of 8.49. The firm has a fifty day simple moving average of GBX 642.46 and a two-hundred day simple moving average of GBX 645.51.
The firm also recently declared a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 1.3%. HSBC’s payout ratio is 0.48%.
HSBC Company Profile
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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