HSBC Stock Rating Reaffirmed by Espirito Santo Investment Bank Research (HBC)
HSBC (NYSE: HBC) traded down 0.42% on Tuesday, hitting $54.19. HSBC has a 1-year low of $38.56 and a 1-year 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 price-to-earnings ratio of 14.71.
A number of other analysts have also recently weighed in on HBC. Analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC in a research note to investors on Tuesday. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of HSBC in a research note to investors on Tuesday. Finally, 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.
Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. HSBC presently has an average rating of “Buy” and a consensus target price of $29.46.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 8th. Shareholders of record on Friday, March 22nd will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 6.64%. The ex-dividend date 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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