JPMorgan Chase & Co. Analysts Give HSBC (LON:HSBA) a GBX 550 Price Target

JPMorgan Chase & Co. set a GBX 550 ($6.74) target price on HSBC (LON:HSBAGet Rating) in a research note released on Monday morning, Borsen Zeitung reports.

Several other analysts have also weighed in on HSBA. Royal Bank of Canada set a GBX 590 ($7.23) price objective on shares of HSBC in a report on Monday. Credit Suisse Group set a GBX 525 ($6.43) price objective on shares of HSBC in a report on Tuesday, July 5th. Shore Capital reaffirmed a hold rating on shares of HSBC in a report on Monday. Jefferies Financial Group set a GBX 574 ($7.03) price objective on shares of HSBC in a report on Wednesday, April 27th. Finally, Deutsche Bank Aktiengesellschaft set a GBX 570 ($6.98) price objective on shares of HSBC in a report on Monday, May 30th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to, the company has an average rating of Hold and an average target price of GBX 622.80 ($7.63).

HSBC Stock Down 0.5 %

LON:HSBA opened at GBX 540.80 ($6.63) on Monday. HSBC has a 12-month low of GBX 358.45 ($4.39) and a 12-month high of GBX 567.20 ($6.95). The firm has a market capitalization of £108.10 billion and a PE ratio of 965.71. The firm has a 50-day moving average price of GBX 527.46 and a 200 day moving average price of GBX 520.

HSBC Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, August 18th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a yield of 1.44%. HSBC’s dividend payout ratio (DPR) is presently 44.99%.

Insider Buying and Selling

In related news, insider Carolyn Fairbairn acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The shares were acquired at an average cost of GBX 501 ($6.14) per share, for a total transaction of £75,150 ($92,084.30).

HSBC Company Profile

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HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

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