HSBC Receives Outperform Rating from Credit Suisse (HBC)
HSBC (NYSE:HBC)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Thursday, Stock Ratings Network.com reports.
Shares of HSBC (NYSE:HBC) traded up 1.49% during mid-day trading on Thursday, hitting $54.55. The stock had a trading volume of 1,090,338 shares. HSBC has a one year low of $47.21 and a one year high of $58.71. The stock’s 50-day moving average is $54.67 and its 200-day moving average is $54.61. The company has a market cap of $199.1 billion and a price-to-earnings ratio of 12.91.
The company also recently announced a special dividend, which is scheduled for Wednesday, December 11th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.50 per share. This represents a dividend yield of 3.74%. The ex-dividend date is Wednesday, October 23rd.
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 Berenberg Bank reiterated a “buy” rating on shares of HSBC in a research note to investors on Thursday, October 3rd. Finally, analysts at Santander downgraded shares of HSBC to an “underweight” rating in a research note to investors on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $449.50.
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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