Brokerages Set HSBC Holdings plc (LON:HSBA) Target Price at GBX 800

Shares of HSBC Holdings plc (LON:HSBA) have been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 800 ($10.52).

A number of brokerages have recently commented on HSBA. Citigroup reiterated a “buy” rating on shares of HSBC in a report on Monday. Berenberg Bank reiterated a “buy” rating and issued a GBX 870 ($11.44) target price on shares of HSBC in a report on Wednesday, August 21st.

HSBC Stock Performance

Shares of HSBC stock opened at GBX 664.60 ($8.74) on Thursday. The stock has a market cap of £122.22 billion, a price-to-earnings ratio of 756.70, a price-to-earnings-growth ratio of 4.89 and a beta of 0.56. The stock has a 50 day moving average price of GBX 664.59 and a 200-day moving average price of GBX 657.48. HSBC has a one year low of GBX 572.90 ($7.53) and a one year high of GBX 725.20 ($9.54).

HSBC Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 15th will be paid a dividend of $0.10 per share. This represents a dividend yield of 1.15%. The ex-dividend date is Thursday, August 15th. HSBC’s dividend payout ratio 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.