HSBC’s (HSBA) Buy Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of HSBC (LON:HSBA) in a research note published on Tuesday, MarketBeat reports.

A number of other equities analysts have also weighed in on HSBA. Berenberg Bank decreased their target price on HSBC from GBX 820 ($10.38) to GBX 800 ($10.13) and set a buy rating on the stock in a research note on Wednesday, February 21st. Barclays restated an overweight rating and set a GBX 800 ($10.13) target price on shares of HSBC in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of GBX 822.94 ($10.42).

HSBC Stock Performance

LON:HSBA opened at GBX 646.70 ($8.19) on Tuesday. HSBC has a 52-week low of GBX 558.80 ($7.07) and a 52-week high of GBX 665.60 ($8.42). The firm has a market cap of £122.55 billion, a price-to-earnings ratio of 718.56, a PEG ratio of 0.45 and a beta of 0.58. The business’s fifty day moving average is GBX 615.58 and its 200 day moving average is GBX 617.95.

HSBC Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, March 7th will be issued a $0.31 dividend. The ex-dividend date is Thursday, March 7th. This represents a yield of 3.81%. This is a boost from HSBC’s previous dividend of $0.10. HSBC’s dividend payout ratio (DPR) is 5,333.33%.

Insiders Place Their Bets

In other HSBC news, insider Noel Quinn sold 89,546 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of GBX 596 ($7.54), for a total value of £533,694.16 ($675,476.72). In other HSBC news, insider Noel Quinn sold 89,546 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of GBX 596 ($7.54), for a total value of £533,694.16 ($675,476.72). Also, insider Georges Elhedery sold 28,719 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of GBX 590 ($7.47), for a total value of £169,442.10 ($214,456.52). Company insiders own 0.35% of the company’s stock.

HSBC Company Profile

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.