HSBC (LON:HSBA) Given Hold Rating at Shore Capital

Shore Capital reissued their hold rating on shares of HSBC (LON:HSBAGet Rating) in a research note published on Monday, reports.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley reiterated an equal weight rating on shares of HSBC in a report on Wednesday, May 11th. Barclays set a GBX 720 ($8.82) target price on HSBC in a research note on Tuesday, July 12th. Jefferies Financial Group set a GBX 574 ($7.03) target price on HSBC in a research note on Wednesday, April 27th. JPMorgan Chase & Co. set a GBX 550 ($6.74) target price on HSBC in a research note on Monday, July 4th. Finally, Deutsche Bank Aktiengesellschaft set a GBX 570 ($6.98) target price on HSBC in a research note on Monday, May 30th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from, the stock presently has an average rating of Hold and a consensus 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 50-day simple moving average of GBX 526.40 and a 200 day simple moving average of GBX 519.52. The company has a market capitalization of £107.34 billion and a PE ratio of 1,110.42. 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 disclosed a dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a dividend yield of 1.44%. HSBC’s dividend payout ratio is currently 52.49%.

Insider Transactions at HSBC

In other news, insider Carolyn Fairbairn acquired 15,000 shares of HSBC stock in a transaction dated Tuesday, May 17th. The stock was bought at an average cost of GBX 501 ($6.14) per share, with a total value of £75,150 ($92,084.30).

HSBC Company Profile

(Get Rating)

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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