HSBC (LON:HSBA) Earns “Hold” Rating from Jefferies Financial Group

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Jefferies Financial Group reiterated their hold rating on shares of HSBC (LON:HSBA) in a report released on Monday, Digital Look reports. They currently have a GBX 691 ($9.03) target price on the financial services provider’s stock.

A number of other research analysts also recently commented on HSBA. Morgan Stanley set a GBX 540 ($7.06) price objective on shares of HSBC and gave the company a sell rating in a research report on Wednesday, October 9th. Shore Capital reaffirmed a hold rating on shares of HSBC in a research report on Friday, September 13th. Deutsche Bank lowered their price objective on shares of HSBC from GBX 540 ($7.06) to GBX 520 ($6.79) and set a sell rating on the stock in a research report on Friday, September 6th. Barclays set a GBX 610 ($7.97) price objective on shares of HSBC and gave the company a sell rating in a research report on Monday, September 23rd. Finally, Societe Generale reaffirmed a hold rating on shares of HSBC in a research report on Tuesday, September 10th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 647.27 ($8.46).

Shares of HSBA opened at GBX 603.60 ($7.89) on Monday. The company’s 50 day moving average price is GBX 606.46 and its 200 day moving average price is GBX 639.59. HSBC has a 52 week low of GBX 6.30 ($0.08) and a 52 week high of GBX 687.70 ($8.99). The company has a market capitalization of $122.29 billion and a PE ratio of 8.74.

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

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

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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