HSBC (LON:HSBA) Stock Price Passes Above Two Hundred Day Moving Average of $646.20

HSBC Holdings plc (LON:HSBA) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $646.20 and traded as high as $604.10. HSBC shares last traded at $598.30, with a volume of 26,015,770 shares traded.

Several research firms have recently commented on HSBA. Royal Bank of Canada set a GBX 600 ($7.84) price target on HSBC and gave the stock a “sell” rating in a research report on Monday, August 5th. Deutsche Bank restated a “sell” rating and set a GBX 540 ($7.06) price target on shares of HSBC in a research report on Monday, August 5th. UBS Group restated a “neutral” rating and set a GBX 633 ($8.27) price target on shares of HSBC in a research report on Monday, August 5th. Goldman Sachs Group restated a “buy” rating and set a GBX 905 ($11.83) price target (down from GBX 920 ($12.02)) on shares of HSBC in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 691 ($9.03) price target on shares of HSBC in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 659.27 ($8.61).

The company has a market capitalization of $121.23 billion and a price-to-earnings ratio of 8.66. The stock has a 50 day simple moving average of GBX 647.13 and a two-hundred day simple moving average of GBX 646.20.

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

About HSBC (LON:HSBA)

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.

Recommended Story: Front-End Load

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.