HSBC’s “Buy” Rating Reaffirmed at Citigroup Inc. (HBC)
HSBC (NYSE:HBC)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday, Stock Ratings News reports.
Shares of HSBC (NYSE:HBC) opened at 55.30 on Wednesday. HSBC has a 52-week low of $46.13 and a 52-week high of $58.71. The stock has a 50-day moving average of $55.08 and a 200-day moving average of $54.54. The company has a market cap of $201.8 billion and a price-to-earnings ratio of 13.29.
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.
HBC has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC in a research note to investors on Friday, October 18th. Separately, analysts at Credit Suisse reiterated a “focus list” rating on shares of HSBC in a research note to investors on Friday, October 18th. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC in a research note to investors on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” 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.