HSBC Holdings plc (LON:HSBA) Receives GBX 822.94 Consensus PT from Brokerages

HSBC Holdings plc (LON:HSBA) has received an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 822.94 ($10.16).

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of HSBC from GBX 600 ($7.41) to GBX 660 ($8.15) and gave the company a “neutral” rating in a research report on Thursday, April 11th. Berenberg Bank decreased their price objective on shares of HSBC from GBX 820 ($10.13) to GBX 800 ($9.88) and set a “buy” rating for the company in a report on Wednesday, February 21st. Citigroup reissued a “buy” rating and set a GBX 810 ($10.00) target price on shares of HSBC in a report on Wednesday, April 10th. Barclays restated an “overweight” rating and issued a GBX 800 ($9.88) target price on shares of HSBC in a research report on Thursday, February 29th. Finally, Shore Capital reiterated a “buy” rating on shares of HSBC in a research report on Tuesday, April 9th.

HSBC Trading Up 0.3 %

LON HSBA opened at GBX 663.57 ($8.20) on Friday. The company has a 50-day moving average price of GBX 622.82 and a two-hundred day moving average price of GBX 618.15. HSBC has a 52 week low of GBX 560.60 ($6.92) and a 52 week high of GBX 669.80 ($8.27). The stock has a market cap of £125.35 billion, a price-to-earnings ratio of 729.23, a price-to-earnings-growth ratio of 0.45 and a beta of 0.58.

HSBC Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.31 per share. The ex-dividend date was Thursday, March 7th. This is an increase from HSBC’s previous dividend of $0.10. This represents a dividend yield of 3.81%. HSBC’s dividend payout ratio (DPR) is 5,274.73%.

Insider Transactions at HSBC

In other HSBC news, insider Noel Quinn sold 89,546 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of GBX 596 ($7.36), for a total transaction of £533,694.16 ($659,207.21). In other news, insider Georges Elhedery sold 28,719 shares of HSBC stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of GBX 590 ($7.29), for a total value of £169,442.10 ($209,291.13). Also, insider Noel Quinn sold 89,546 shares of HSBC stock in a transaction on Monday, February 26th. The stock was sold at an average price of GBX 596 ($7.36), for a total transaction of £533,694.16 ($659,207.21). 0.36% of the stock is currently owned by company insiders.

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.