HSBC (LON:HSBA) Given a GBX 550 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a GBX 550 ($6.74) price target on HSBC (LON:HSBAGet Rating) in a report issued on Monday, Borsen Zeitung reports.

A number of other equities research analysts have also recently commented on the stock. Credit Suisse Group set a GBX 525 ($6.43) price target on shares of HSBC in a report on Tuesday, July 5th. Deutsche Bank Aktiengesellschaft set a GBX 570 ($6.98) price target on shares of HSBC in a report on Monday, May 30th. The Goldman Sachs Group set a GBX 800 ($9.80) price target on shares of HSBC in a report on Monday. Jefferies Financial Group set a GBX 574 ($7.03) target price on shares of HSBC in a report on Wednesday, April 27th. Finally, UBS Group set a GBX 635 ($7.78) target price on shares of HSBC in a report on Monday, July 11th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to, the company currently has an average rating of Hold and an average price target of GBX 600.80 ($7.36).

HSBC Trading Down 1.8 %

LON:HSBA opened at GBX 535.40 ($6.56) on Monday. The stock has a market capitalization of £107.34 billion and a PE ratio of 1,110.42. The firm’s 50 day moving average is GBX 526.40 and its 200 day moving average is GBX 519.52. HSBC has a 12 month low of GBX 358.45 ($4.39) and a 12 month high of GBX 567.20 ($6.95).

HSBC Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, August 18th will be issued a $0.09 dividend. The ex-dividend date is Thursday, August 18th. This represents a dividend yield of 1.44%. HSBC’s payout ratio is currently 52.49%.

Insider Transactions at HSBC

In other news, insider Carolyn Fairbairn purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The shares were purchased at an average price of GBX 501 ($6.14) per share, with a total value of £75,150 ($92,084.30).

HSBC Company Profile

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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.

Further Reading

Analyst Recommendations for HSBC (LON:HSBA)

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