UBS Group reiterated their neutral rating on shares of HSBC (LON:HSBA) in a report issued on Friday, Borsen Zeitung reports. UBS Group currently has a GBX 625 ($8.17) price target on the financial services provider’s stock.
A number of other analysts have also recently commented on the company. Shore Capital reiterated a hold rating on shares of HSBC in a research report on Friday. Goldman Sachs Group set a GBX 775 ($10.13) target price on HSBC and gave the stock a neutral rating in a research report on Friday, April 26th. Credit Suisse Group lifted their target price on HSBC from GBX 655 ($8.56) to GBX 670 ($8.75) and gave the stock a neutral rating in a research report on Wednesday, April 24th. Bank of America reiterated a neutral rating on shares of HSBC in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. set a GBX 620 ($8.10) target price on HSBC and gave the stock a sell rating in a research report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. HSBC has a consensus rating of Hold and a consensus price target of GBX 663 ($8.66).
HSBA opened at GBX 668.95 ($8.74) on Friday. HSBC has a one year low of GBX 596.40 ($7.79) and a one year high of GBX 749.90 ($9.80). The stock has a market cap of $135.00 billion and a PE ratio of 10.62.
The business also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 16th will be issued a dividend of $0.10 per share. This represents a dividend yield of 1.15%. The ex-dividend date is Thursday, May 16th. HSBC’s dividend payout ratio is currently 1.02%.
In related news, insider Marc Moses sold 146,649 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of GBX 625 ($8.17), for a total transaction of £916,556.25 ($1,197,643.08). Also, insider John Flint sold 72,969 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of GBX 622 ($8.13), for a total value of £453,867.18 ($593,057.86). In the last three months, insiders have sold 467,788 shares of company stock worth $292,274,178.
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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