HSBC Holdings plc (HSBA) Receives Average Rating of “Hold” from Brokerages

Shares of HSBC Holdings plc (LON:HSBA) have earned a consensus rating of “Hold” from the sixteen analysts that are currently covering the company, reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 770.83 ($9.83).

Several brokerages have recently issued reports on HSBA. Barclays set a GBX 740 ($9.44) price target on HSBC and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Goldman Sachs Group lowered their price target on HSBC from GBX 810 ($10.33) to GBX 800 ($10.21) and set a “neutral” rating on the stock in a research report on Monday, August 6th. Deutsche Bank reiterated a “hold” rating on shares of HSBC in a research report on Tuesday, August 7th. Credit Suisse Group set a GBX 720 ($9.18) price target on HSBC and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Finally, Royal Bank of Canada set a GBX 730 ($9.31) price target on HSBC and gave the company a “neutral” rating in a research report on Friday, May 4th.

HSBA opened at GBX 716.10 ($9.14) on Tuesday. HSBC has a 12 month low of GBX 618 ($7.88) and a 12 month high of GBX 798.60 ($10.19).

The company also recently declared a dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, August 16th will be given a dividend of $0.10 per share. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 16th.

In other news, insider Marc Moses purchased 17,176 shares of the stock in a transaction dated Tuesday, May 29th. The shares were bought at an average cost of GBX 733 ($9.35) per share, for a total transaction of £125,900.08 ($160,607.32).

About HSBC

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Analyst Recommendations for HSBC (LON:HSBA)

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