Shares of HSBC Holdings plc (LON:HSBA – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two 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 objective among brokers that have issued a report on the stock in the last year is GBX 795 ($10.65).
A number of analysts have recently weighed in on HSBA shares. Citigroup restated a “buy” rating on shares of HSBC in a report on Monday, September 2nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 870 ($11.65) price target on shares of HSBC in a report on Wednesday, August 21st.
Check Out Our Latest Stock Analysis on HSBA
HSBC Price Performance
HSBC Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 15th will be paid a $0.10 dividend. This represents a yield of 1.15%. The ex-dividend date is Thursday, August 15th. HSBC’s dividend payout ratio (DPR) is presently 5,454.55%.
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.
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