JPMorgan Chase & Co. Analysts Give HSBC (LON:HSBA) a GBX 440 Price Target

JPMorgan Chase & Co. set a GBX 440 ($5.75) price objective on HSBC (LON:HSBA) in a report released on Monday morning, Borsen Zeitung reports.

HSBA has been the topic of a number of other reports. reissued a neutral rating and issued a GBX 455 ($5.94) price target on shares of HSBC in a report on Tuesday, June 8th. Berenberg Bank reissued a hold rating and issued a GBX 470 ($6.14) price target on shares of HSBC in a report on Friday, September 10th. UBS Group set a GBX 450 ($5.88) price target on shares of HSBC in a report on Monday, August 2nd. Royal Bank of Canada set a GBX 460 ($6.01) price target on shares of HSBC in a report on Friday, September 17th. Finally, Credit Suisse Group reaffirmed a neutral rating and issued a GBX 465 ($6.08) target price on shares of HSBC in a research note on Tuesday, August 3rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to, the stock presently has an average rating of Hold and a consensus target price of GBX 470.36 ($6.15).

LON HSBA opened at GBX 375.40 ($4.90) on Monday. The company has a market cap of £76.68 billion and a PE ratio of 11.45. HSBC has a 52 week low of GBX 281.50 ($3.68) and a 52 week high of GBX 462.55 ($6.04). The firm’s 50-day simple moving average is GBX 393.23 and its two-hundred day simple moving average is GBX 419.49.

The firm also recently announced a dividend, which will be paid on Thursday, September 30th. Shareholders of record on Thursday, August 19th will be paid a dividend of $0.07 per share. This represents a dividend yield of 1.27%. The ex-dividend date is Thursday, August 19th. HSBC’s dividend payout ratio is 0.45%.

In other HSBC news, insider Ewen Stevenson bought 42,366 shares of the firm’s stock in a transaction on Monday, August 23rd. The stock was acquired at an average price of GBX 396 ($5.17) per share, with a total value of £167,769.36 ($219,191.74).

About HSBC

HSBC Holdings plc provides banking and financial products and 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 products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services for ultra high net worth individuals; and wealth management services, including insurance and investment products, global asset management services, investment management, and private wealth solutions.

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