HSBC Holdings plc (LON:HSBA) has been given an average rating of “Hold” by the seventeen research firms that are covering the firm, reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 766 ($9.98).

HSBA has been the subject of several recent analyst reports. Citigroup dropped their price objective on HSBC from GBX 810 ($10.55) to GBX 800 ($10.42) and set a “buy” rating for the company in a research note on Tuesday, June 12th. Morgan Stanley set a GBX 855 ($11.14) price objective on HSBC and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Deutsche Bank reiterated a “hold” rating and set a GBX 720 ($9.38) price objective on shares of HSBC in a research note on Tuesday, June 12th. Berenberg Bank reiterated a “hold” rating and set a GBX 680 ($8.86) price objective on shares of HSBC in a research note on Monday, July 23rd. Finally, Societe Generale lowered HSBC to a “hold” rating in a research note on Monday.

HSBC stock traded down GBX 2.20 ($0.03) during mid-day trading on Friday, hitting GBX 650.80 ($8.48). 20,826,701 shares of the company were exchanged, compared to its average volume of 26,590,000. HSBC has a 1-year low of GBX 618 ($8.05) and a 1-year high of GBX 798.60 ($10.40).

The firm also recently announced a dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, August 16th will be paid a $0.10 dividend. The ex-dividend date is Thursday, August 16th. This represents a dividend yield of 1.08%.

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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