Shares of HSBC Holdings plc (LON:HSBA – Get Free Report) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 795 ($10.50).
HSBA has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 870 ($11.49) price objective on shares of HSBC in a research report on Wednesday, August 21st. Citigroup restated a “buy” rating on shares of HSBC in a research note on Monday, September 2nd.
Read Our Latest Research Report on HSBC
HSBC Stock Performance
HSBC Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 1.15%. HSBC’s dividend payout ratio is presently 5,454.55%.
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.
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