Shares of HSBC Holdings plc (LON:HSBA – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 795 ($10.38).
Several analysts have weighed in on HSBA shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 870 ($11.36) target price on shares of HSBC in a research note on Wednesday, August 21st. Citigroup reiterated a “buy” rating on shares of HSBC in a research report on Monday, September 2nd.
Read Our Latest Research Report on HSBA
HSBC Trading Up 0.4 %
HSBC Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 15th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 1.15%. HSBC’s dividend payout ratio (DPR) is 5,393.26%.
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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