HSBC (LON:HSBA) Given Neutral Rating at UBS Group

UBS Group reiterated their neutral rating on shares of HSBC (LON:HSBA) in a report published on Wednesday morning, Borsen Zeitung reports. They currently have a GBX 575 ($7.51) target price on the financial services provider’s stock.

HSBA has been the topic of a number of other research reports. Goldman Sachs Group reduced their price target on HSBC from GBX 905 ($11.83) to GBX 865 ($11.30) and set a buy rating on the stock in a research report on Thursday, November 14th. Royal Bank of Canada set a GBX 580 ($7.58) price target on HSBC and gave the company a sell rating in a research report on Monday, November 11th. Morgan Stanley reiterated an underweight rating on shares of HSBC in a research report on Tuesday. Berenberg Bank lowered HSBC to a sell rating and reduced their price target for the company from GBX 700 ($9.15) to GBX 490 ($6.40) in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group upgraded HSBC to a buy rating and upped their target price for the company from GBX 691 ($9.03) to GBX 790 ($10.32) in a research report on Monday. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 618.21 ($8.08).

Shares of LON HSBA traded down GBX 6.70 ($0.09) during trading on Wednesday, reaching GBX 569.70 ($7.44). The company had a trading volume of 20,842,973 shares, compared to its average volume of 26,590,000. The company’s fifty day moving average price is GBX 597.40 and its 200-day moving average price is GBX 630.36. HSBC has a 12 month low of GBX 0.78 ($0.01) and a 12 month high of GBX 687.70 ($8.99). The stock has a market cap of $115.83 billion and a P/E ratio of 8.85.

The firm also recently announced a dividend, which was paid on Wednesday, November 20th. Investors of record on Thursday, October 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a dividend yield of 1.35%. HSBC’s payout ratio is 0.48%.

In other HSBC news, insider Marc Moses bought 21,465 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average price of GBX 586 ($7.66) per share, for a total transaction of £125,784.90 ($164,360.25).

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Analyst Recommendations for HSBC (LON:HSBA)

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