HSBC Holdings plc Given Consensus Rating of “Hold” by Brokerages (NASDAQ:HSBC)
HSBC Holdings plc (NASDAQ:HSBC) has received a consensus rating of “Hold” from the seven analysts that are presently covering the stock, StockRatingsNetwork reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $57.00.
Shares of HSBC Holdings plc (NASDAQ:HSBC) traded down 0.09% during mid-day trading on Thursday, hitting $53.25. The stock had a trading volume of 328,240 shares. HSBC Holdings plc has a 52 week low of $48.86 and a 52 week high of $56.96. The stock has a 50-day moving average of $52.49 and a 200-day moving average of $51.90. The company has a market cap of $195.9 billion and a P/E ratio of 13.29.
HSBC Holdings plc (NASDAQ:HSBC) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.15 EPS for the quarter. On average, analysts predict that HSBC Holdings plc will post $0.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 9th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, August 20th.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Wednesday. They now have a $57.00 price target on the stock.
HSBC Holdings plc (NASDAQ:HSBC) is a global banking and financial services organizations.
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