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

Shares of HSBC Holdings plc (LON:HSBA) 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.

HSBC Trading Up 0.4 %

HSBA opened at GBX 680.60 ($8.89) on Friday. HSBC has a twelve month low of GBX 572.90 ($7.48) and a twelve month high of GBX 725.20 ($9.47). The stock has a market cap of £123.80 billion, a PE ratio of 764.72, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The business’s 50 day moving average is GBX 663.85 and its 200-day moving average is GBX 671.06.

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.