Shares of HSBC Holdings plc (LON:HSBA – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 795 ($10.65).
HSBA has been the topic of a number of analyst reports. Citigroup restated a “buy” rating on shares of HSBC in a research note on Monday, September 2nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 870 ($11.65) price target on shares of HSBC in a research note on Wednesday, August 21st.
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HSBC Stock Down 0.3 %
HSBC Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 1.15%. HSBC’s dividend payout ratio (DPR) is currently 5,454.55%.
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.
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