Analysts Set HSBC Holdings plc (LON:HSBA) Price Target at GBX 795

HSBC Holdings plc (LON:HSBA) has received an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 795 ($10.08).

HSBA has been the subject of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of HSBC in a research report on Monday, September 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 870 ($11.03) price objective on shares of HSBC in a report on Wednesday, August 21st.

Insider Activity

In other HSBC news, insider Georges Elhedery purchased 41,720 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of GBX 718 ($9.10) per share, for a total transaction of £299,549.60 ($379,705.41). Insiders own 0.32% of the company’s stock.

HSBC Trading Down 1.5 %

HSBC stock opened at GBX 716.80 ($9.09) on Tuesday. The firm has a market cap of £130.39 billion, a price-to-earnings ratio of 805.39, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a 12 month low of GBX 572.90 ($7.26) and a 12 month high of GBX 730.60 ($9.26). The stock has a fifty day simple moving average of GBX 682.68 and a two-hundred day simple moving average of GBX 678.80.

HSBC Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, November 7th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a yield of 1.11%. HSBC’s payout ratio is 5,393.26%.

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.