HSBC Stock Rating Reaffirmed by BNP Paribas (HBC)
HSBC (NYSE:HBC)‘s stock had its “neutral” rating reaffirmed by investment analysts at BNP Paribas in a note issued to investors on Monday, Analyst Ratings.Net reports.
HSBC (NYSE:HBC) traded up 0.23% on Monday, hitting $56.02. The stock had a trading volume of 1,019,166 shares. HSBC has a one year low of $46.13 and a one year high of $58.71. The stock’s 50-day moving average is $55.08 and its 200-day moving average is $54.54. The company has a market cap of $204.5 billion and a P/E ratio of 13.42.
A number of other analysts have also recently weighed in on HBC. Analysts at JPMorgan Chase & Co. downgraded shares of HSBC (NYSE:HBC) from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC (NYSE:HBC) in a research note to investors on Tuesday, September 3rd. Finally, analysts at Mizuho downgraded shares of HSBC (NYSE:HBC) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 15th.
One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. HSBC presently has a consensus rating of “Buy” and a consensus target price of $582.67.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 9th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, August 21st.
HSBC Holdings plc is a banking and financial services organization. It serves around 89 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.
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