HSBC (LON:HSBA) Reaches New 52-Week High at $667.00

HSBC Holdings plc (LON:HSBAGet Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 667 ($8.30) and last traded at GBX 666.95 ($8.30), with a volume of 443379469 shares. The stock had previously closed at GBX 646.20 ($8.04).

Analysts Set New Price Targets

Several brokerages have recently weighed in on HSBA. Shore Capital restated a “buy” rating on shares of HSBC in a report on Tuesday, April 9th. Citigroup reissued a “buy” rating and issued a GBX 810 ($10.08) price objective on shares of HSBC in a research note on Wednesday, April 10th. Barclays reaffirmed an “overweight” rating and issued a GBX 800 ($9.96) price objective on shares of HSBC in a research report on Thursday, February 29th. Berenberg Bank reduced their price objective on shares of HSBC from GBX 820 ($10.21) to GBX 800 ($9.96) and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of HSBC from GBX 600 ($7.47) to GBX 660 ($8.22) and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 822.94 ($10.24).

Get Our Latest Stock Report on HSBC

HSBC Trading Up 3.1 %

The business’s 50-day simple moving average is GBX 618.45 and its 200 day simple moving average is GBX 617.71. The firm has a market cap of £125.85 billion, a PE ratio of 710.11, a P/E/G ratio of 0.45 and a beta of 0.58.

HSBC Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, March 7th will be given a dividend of $0.31 per share. This represents a yield of 3.81%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from HSBC’s previous dividend of $0.10. HSBC’s dividend payout ratio (DPR) is currently 5,274.73%.

Insider Transactions at HSBC

In related news, insider Georges Elhedery sold 28,719 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of GBX 590 ($7.34), for a total value of £169,442.10 ($210,932.53). In related news, insider Noel Quinn sold 89,546 shares of HSBC stock in a transaction on Monday, February 26th. The shares were sold at an average price of GBX 596 ($7.42), for a total transaction of £533,694.16 ($664,377.14). Also, insider Georges Elhedery sold 28,719 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of GBX 590 ($7.34), for a total transaction of £169,442.10 ($210,932.53). Company insiders own 0.36% of the company’s stock.

About HSBC

(Get Free Report)

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.

See Also

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.