HSBC Stock Rating Upgraded by Shore Capital Stockbrokers (HBC)
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 Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of HSBC in a research note to investors on Tuesday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC in a research note to investors on Tuesday. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of HSBC in a research note to investors on Tuesday.
Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $29.46.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 8th. Stockholders 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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