HSBC (NYSE: HBC)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse in a report issued on Tuesday.

Shares of HSBC (NYSE: HBC) traded down 0.42% during mid-day trading on Tuesday, hitting $54.19. HSBC has a 52 week low of $38.56 and a 52 week high of $57.37. The stock’s 50-day moving average is currently $55.46. The company has a market cap of $199.3 billion and a P/E ratio of 14.71.

Several other analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated an “overweight” rating on shares of HSBC in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of HSBC in a research note to investors on Tuesday, March 5th. They now have a $57.00 price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC in a research note to investors on Thursday, February 28th.

Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.46.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 8th. Investors of record on Friday, March 22nd will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date of this dividend is Wednesday, March 20th.

HSBC Holdings plc (NYSE: HBC) is a global banking and financial services company. Through its subsidiaries and associates, HSBC provides a range of banking and related financial services.

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