Credit Suisse Group Analysts Give HSBC (LON:HSBA) a GBX 575 Price Target

Credit Suisse Group set a GBX 575 ($7.05) target price on HSBC (LON:HSBAGet Rating) in a research note published on Tuesday, Borsen Zeitung reports.

A number of other equities analysts have also issued reports on HSBA. Barclays raised their price target on shares of HSBC from GBX 720 ($8.82) to GBX 780 ($9.56) and gave the stock an overweight rating in a research report on Tuesday. JPMorgan Chase & Co. set a GBX 550 ($6.74) price target on shares of HSBC in a research report on Monday, August 1st. Shore Capital reissued a hold rating on shares of HSBC in a research report on Monday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a GBX 570 ($6.98) price objective on shares of HSBC in a research note on Tuesday. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of HSBC in a research note on Wednesday, May 11th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of GBX 622.80 ($7.63).

HSBC Trading Up 0.2 %

HSBA opened at GBX 541.90 ($6.64) on Tuesday. HSBC has a 12-month low of GBX 358.45 ($4.39) and a 12-month high of GBX 567.20 ($6.95). The firm has a market capitalization of £108.32 billion and a PE ratio of 967.68. The firm has a 50 day moving average of GBX 527.65 and a two-hundred day moving average of GBX 520.15.

HSBC Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a yield of 1.44%. HSBC’s dividend payout ratio (DPR) is presently 44.99%.

Insiders Place Their Bets

In other HSBC news, insider Carolyn Fairbairn bought 15,000 shares of the stock in a transaction on Tuesday, May 17th. The shares were bought at an average price of GBX 501 ($6.14) per share, with a total value of £75,150 ($92,084.30).

HSBC Company Profile

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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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