HSBC’s (HSBA) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of HSBC (LON:HSBA) in a report published on Tuesday morning, Digital Look reports.

Several other equities research analysts also recently issued reports on the company. Bank of America raised Royal Bank of Scotland Group from an underperform rating to a neutral rating in a report on Thursday, April 18th. Goldman Sachs Group began coverage on Taylor Wimpey in a report on Wednesday, June 12th. They set a buy rating for the company. UBS Group set a $133.00 target price on LHC Group and gave the stock a buy rating in a report on Friday, May 10th. Shore Capital reissued a buy rating on shares of Hollywood Bowl Group in a report on Friday, May 3rd. Finally, Morgan Stanley reissued a hold rating on shares of PG&E in a report on Friday, June 21st. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 670 ($8.75).

Shares of HSBC stock opened at GBX 660.40 ($8.63) on Tuesday. The firm’s fifty day simple moving average is GBX 656.44. HSBC has a 1 year low of GBX 596.40 ($7.79) and a 1 year high of GBX 736 ($9.62). The firm has a market cap of $134.61 billion and a P/E ratio of 9.57.

The business also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Thursday, May 16th were paid a $0.10 dividend. This represents a yield of 1.15%. The ex-dividend date was Thursday, May 16th. HSBC’s dividend payout ratio (DPR) is presently 0.45%.

About HSBC

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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