HSBC’s (HSBA) Hold Rating Reaffirmed at Shore Capital

Shore Capital restated their hold rating on shares of HSBC (LON:HSBAGet Rating) in a report published on Thursday morning, Marketbeat reports.

HSBA has been the subject of a number of other research reports. UBS Group set a GBX 640 ($7.89) price objective on shares of HSBC in a research note on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a GBX 480 ($5.92) price objective on shares of HSBC in a research note on Wednesday, February 23rd. The Goldman Sachs Group set a GBX 710 ($8.75) price objective on shares of HSBC in a research note on Monday, May 2nd. Credit Suisse Group set a GBX 515 ($6.35) price target on shares of HSBC in a report on Wednesday, April 27th. Finally, Deutsche Bank Rese… set a GBX 500 ($6.16) price target on shares of HSBC in a report on Wednesday, April 27th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to, HSBC presently has a consensus rating of Hold and an average price target of GBX 566.08 ($6.98).

HSBA stock opened at GBX 490.75 ($6.05) on Thursday. HSBC has a one year low of GBX 358.45 ($4.42) and a one year high of GBX 567.20 ($6.99). The stock has a market cap of £98.76 billion and a PE ratio of 10.51. The firm has a 50 day simple moving average of GBX 509.95 and a two-hundred day simple moving average of GBX 490.70.

The firm also recently declared a dividend, which was paid on Thursday, April 28th. Investors of record on Thursday, March 10th were paid a $0.18 dividend. This represents a dividend yield of 2.42%. This is a positive change from HSBC’s previous dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 10th. HSBC’s dividend payout ratio (DPR) is presently 0.54%.

In other news, insider Carolyn Fairbairn acquired 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were bought at an average cost of GBX 501 ($6.18) per share, with a total value of £75,150 ($92,640.53). Also, insider Ewen Stevenson sold 42,720 shares of the stock in a transaction dated Monday, February 28th. The shares were sold at an average price of GBX 512 ($6.31), for a total transaction of £218,726.40 ($269,633.14).

HSBC Company Profile (Get Rating)

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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