HSBC Receives Buy Rating from Espirito Santo Investment Bank Research (HBC)
HSBC (NYSE:HBC)‘s stock had its “buy” rating reaffirmed by equities researchers at Espirito Santo Investment Bank Research in a research report issued on Tuesday, American Banking News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC in a research note to investors on Thursday, October 3rd. Separately, analysts at Santander downgraded shares of HSBC to an “underweight” rating in a research note to investors on Friday, September 27th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC in a research note to investors on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $449.50.
Shares of HSBC (NYSE:HBC) traded down 1.22% during mid-day trading on Tuesday, hitting $53.49. The stock had a trading volume of 1,083,471 shares. HSBC has a 52-week low of $47.08 and a 52-week high of $58.71. The stock’s 50-day moving average is $54.71 and its 200-day moving average is $54.62. The company has a market cap of $195.2 billion and a price-to-earnings ratio of 13.00.
The company also recently declared a special dividend, which is scheduled for Wednesday, December 11th. Shareholders of record on Friday, October 25th will be given a dividend of $0.50 per share. This represents a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, October 23rd.
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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