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

Shares of HSBC Holdings plc (LON:HSBA) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 795 ($10.23).

A number of equities research analysts have weighed in on HSBA shares. Citigroup reaffirmed a “buy” rating on shares of HSBC in a research report on Monday, September 2nd. Berenberg Bank restated a “buy” rating and issued a GBX 870 ($11.20) price objective on shares of HSBC in a report on Wednesday, August 21st.

HSBC Stock Up 0.8 %

HSBA stock opened at GBX 706.20 ($9.09) on Tuesday. The firm has a market cap of £128.46 billion, a price-to-earnings ratio of 793.48, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a twelve month low of GBX 572.90 ($7.37) and a twelve month high of GBX 729.60 ($9.39). The business’s fifty day simple moving average is GBX 679.22 and its two-hundred day simple moving average is GBX 677.60.

HSBC Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, November 7th will be given a $0.10 dividend. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 7th. HSBC’s payout ratio is currently 5,393.26%.

Insider Buying and Selling at HSBC

In other news, insider Georges Elhedery acquired 41,720 shares of HSBC stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of GBX 718 ($9.24) per share, for a total transaction of £299,549.60 ($385,471.11). 0.32% of the stock is currently owned by company insiders.

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.