HSBC (LON:HSBA) Given “Top Pick” Rating at Citigroup

Citigroup reissued their top pick rating on shares of HSBC (LON:HSBAFree Report) in a research report sent to investors on Monday, Marketbeat Ratings reports.

Several other equities research analysts have also commented on HSBA. Berenberg Bank upped their price target on shares of HSBC from GBX 800 ($10.25) to GBX 830 ($10.63) and gave the company a buy rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. upped their price target on shares of HSBC from GBX 660 ($8.45) to GBX 700 ($8.97) and gave the company a neutral rating in a report on Thursday, May 2nd. Finally, Shore Capital reaffirmed a buy rating on shares of HSBC in a report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to, the stock presently has a consensus rating of Moderate Buy and a consensus target price of GBX 792 ($10.14).

View Our Latest Stock Analysis on HSBA

HSBC Price Performance

LON HSBA opened at GBX 670.50 ($8.59) on Monday. The stock’s fifty day moving average price is GBX 690.91 and its 200 day moving average price is GBX 646.55. HSBC has a 1 year low of GBX 572.90 ($7.34) and a 1 year high of GBX 725.20 ($9.29). The company has a market cap of £125.79 billion, a price-to-earnings ratio of 736.81, a PEG ratio of 5.15 and a beta of 0.56.

HSBC Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, June 21st. Stockholders of record on Thursday, May 9th were paid a dividend of $0.31 per share. This represents a dividend yield of 3.7%. The ex-dividend date was Thursday, May 9th. HSBC’s payout ratio is currently 5,384.62%.

Insider Transactions at HSBC

In other news, insider Georges Elhedery bought 26,899 shares of the stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of GBX 713 ($9.13) per share, with a total value of £191,789.87 ($245,663.98). Corporate insiders own 0.32% of the company’s stock.

About HSBC

(Get Free Report)

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

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Analyst Recommendations for HSBC (LON:HSBA)

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