HSBC’s Neutral Rating Reaffirmed at Bank of America Corp. (HBC)
HSBC (NYSE:HBC)‘s stock had its “neutral” rating reiterated by investment analysts at Bank of America Corp. in a note issued to investors on Monday, Analyst RN reports.
HSBC (NYSE:HBC) traded up 0.45% during mid-day trading on Monday, hitting $55.60. The stock had a trading volume of 911,577 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 $54.73 and its 200-day moving average is $54.63. The company has a market cap of $202.9 billion and a price-to-earnings ratio of 13.29.
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.
A number of other firms have also recently commented on HBC. Analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC in a research note to investors on Friday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC in a research note to investors on Thursday. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of HSBC in a research note to investors on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus 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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