HSBC (LON:HSBA) Rating Reiterated by Goldman Sachs Group

Goldman Sachs Group restated their buy rating on shares of HSBC (LON:HSBA) in a report published on Tuesday, Borsen Zeitung reports. They currently have a GBX 905 ($11.83) target price on the financial services provider’s stock, down from their previous target price of GBX 920 ($12.02).

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank reaffirmed a sell rating and set a GBX 540 ($7.06) price target on shares of HSBC in a research note on Monday, August 5th. Shore Capital reaffirmed a hold rating on shares of HSBC in a research note on Monday, August 5th. Bank of America reaffirmed a neutral rating on shares of HSBC in a research note on Thursday, April 18th. Credit Suisse Group set a GBX 680 ($8.89) price target on shares of HSBC and gave the stock a neutral rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada set a GBX 600 ($7.84) price target on shares of HSBC and gave the stock a sell rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 659.27 ($8.61).

HSBC stock opened at GBX 597.20 ($7.80) on Tuesday. HSBC has a 12-month low of GBX 6.30 ($0.08) and a 12-month high of GBX 705 ($9.21). The company has a market capitalization of $121.01 billion and a price-to-earnings ratio of 8.64. The firm’s fifty day moving average price is GBX 651.88 and its 200 day moving average price is GBX 647.13.

The business also recently announced a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 15th will be given a $0.10 dividend. This represents a dividend yield of 1.3%. The ex-dividend date is Thursday, August 15th. HSBC’s payout ratio is currently 0.48%.

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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