HSBC Holdings plc (LON:HSBA) Receives Consensus Rating of “Moderate Buy” from Brokerages

HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 795 ($10.02).

Several analysts have commented on the stock. Berenberg Bank restated a “buy” rating and set a GBX 870 ($10.96) price objective on shares of HSBC in a research note on Wednesday, August 21st. Citigroup restated a “buy” rating on shares of HSBC in a research note on Monday, September 2nd.

HSBC Price Performance

The stock has a 50 day moving average of GBX 681.34 and a 200 day moving average of GBX 678.24. The firm has a market cap of £130.39 billion, a PE ratio of 805.39, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a 12 month low of GBX 572.90 ($7.22) and a 12 month high of GBX 729.60 ($9.19).

HSBC Announces Dividend

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

Insider Activity

In other news, insider Georges Elhedery bought 41,720 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of GBX 718 ($9.05) per share, with a total value of £299,549.60 ($377,504.22). Insiders own 0.32% of the company’s stock.

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.