HSBC (LON:HSBA) Receives “Buy” Rating from Goldman Sachs Group

Goldman Sachs Group reaffirmed their buy rating on shares of HSBC (LON:HSBA) in a report released on Tuesday, Borsen Zeitung reports. They currently have a GBX 905 ($11.83) price target on the financial services provider’s stock, down from their previous price target of GBX 920 ($12.02).

A number of other brokerages have also recently commented on HSBA. Credit Suisse Group set a GBX 680 ($8.89) price objective on HSBC and gave the stock a neutral rating in a research note on Tuesday, August 6th. Shore Capital reiterated a hold rating on shares of HSBC in a research note on Monday, August 5th. UBS Group reiterated a neutral rating and issued a GBX 633 ($8.27) price target on shares of HSBC in a research note on Monday, August 5th. Barclays boosted their price target on HSBC from GBX 600 ($7.84) to GBX 610 ($7.97) and gave the stock an underweight rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley reiterated an equal weight rating on shares of HSBC in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 659.27 ($8.61).

Shares of HSBA opened at GBX 591.30 ($7.73) on Tuesday. The stock’s 50-day moving average is GBX 653.03 and its two-hundred day moving average is GBX 647.38. The stock has a market cap of $119.93 billion and a PE ratio of 8.56. HSBC has a 12 month low of GBX 596.40 ($7.79) and a 12 month high of GBX 727.90 ($9.51).

The firm also recently declared a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 15th will be paid a $0.10 dividend. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 15th. HSBC’s dividend payout ratio (DPR) is 0.45%.

HSBC Company Profile

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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