Analysts Set HSBC Holdings plc (LON:HSBA) Target Price at GBX 795

Shares of HSBC Holdings plc (LON:HSBA) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 795 ($10.38).

A number of equities analysts have recently commented on HSBA shares. Citigroup reissued a “buy” rating on shares of HSBC in a research note on Monday, September 2nd. Berenberg Bank reissued a “buy” rating and issued a GBX 870 ($11.36) price objective on shares of HSBC in a research report on Wednesday, August 21st.

HSBC Stock Up 0.4 %

Shares of LON HSBA opened at GBX 680.60 ($8.89) on Friday. The stock has a market capitalization of £123.80 billion, a PE ratio of 764.72, a P/E/G ratio of 5.97 and a beta of 0.52. The firm has a fifty day moving average of GBX 663.85 and a 200-day moving average of GBX 671.06. HSBC has a 52-week low of GBX 572.90 ($7.48) and a 52-week high of GBX 725.20 ($9.47).

HSBC Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, August 15th were given a dividend of $0.10 per share. This represents a dividend yield of 1.15%. The ex-dividend date was Thursday, August 15th. HSBC’s dividend payout ratio is currently 5,393.26%.

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.