UBS Group Analysts Give HSBC (LON:HSBA) a GBX 700 Price Target

UBS Group set a GBX 700 ($8.53) target price on HSBC (LON:HSBA – Get Rating) in a research note published on Tuesday, Borsen Zeitung reports.

Other analysts also recently issued reports about the stock. Royal Bank of Canada set a GBX 775 ($9.45) price target on shares of HSBC in a report on Friday, March 10th. Citigroup reissued a buy rating on shares of HSBC in a report on Tuesday, February 7th. The Goldman Sachs Group set a GBX 745 ($9.08) price objective on shares of HSBC in a report on Tuesday, February 21st. Barclays increased their target price on shares of HSBC from GBX 780 ($9.51) to GBX 840 ($10.24) and gave the company a buy rating in a research report on Wednesday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft set a GBX 760 ($9.26) target price on shares of HSBC in a research report on Wednesday, February 22nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of GBX 743.50 ($9.06).

HSBC Stock Up 1.6 %

LON HSBA opened at GBX 577 ($7.03) on Tuesday. The firm has a market cap of £115.23 billion, a PE ratio of 977.97, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. The company has a 50 day moving average price of GBX 602.84 and a 200 day moving average price of GBX 531.86. HSBC has a 52 week low of GBX 434.70 ($5.30) and a 52 week high of GBX 653.80 ($7.97).

HSBC Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 27th. Investors of record on Thursday, March 2nd will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a yield of 3.08%. This is an increase from HSBC’s previous dividend of $0.09. HSBC’s payout ratio is currently 4,576.27%.

Insider Buying and Selling

In other news, insider Georges Elhedery sold 52,907 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of GBX 633 ($7.71), for a total transaction of £334,901.31 ($408,167.35). 0.23% of the stock is owned by insiders.

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.