HSBC Holdings plc Receives Consensus Rating of “Hold” from Analysts (NASDAQ:HSBC)
HSBC Holdings plc (NASDAQ:HSBC) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the stock, AnalystRatingsNetwork reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $57.00.
Shares of HSBC Holdings plc (NASDAQ:HSBC) opened at 53.31 on Thursday. HSBC Holdings plc has a one year low of $48.86 and a one year high of $56.96. The stock has a 50-day moving average of $52.56 and a 200-day moving average of $51.93. The company has a market cap of $196.1 billion and a price-to-earnings ratio of 13.26.
HSBC Holdings plc (NASDAQ:HSBC) last issued its quarterly earnings data on Monday, August 4th. The company reported $1.15 earnings per share (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 announced a quarterly dividend, which is scheduled for Thursday, October 9th. Investors of record on Friday, August 22nd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Wednesday, August 20th.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Wednesday, August 20th. 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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