HSBC (LON:HSBA) had its price target decreased by JPMorgan Chase & Co. from GBX 600 ($7.89) to GBX 570 ($7.50) in a research note released on Monday, Borsen Zeitung reports. JPMorgan Chase & Co. currently has an underweight rating on the financial services provider’s stock.

Other analysts have also issued reports about the company. Barclays restated an underweight rating and issued a GBX 550 ($7.23) target price (down from GBX 560 ($7.37)) on shares of HSBC in a research note on Monday. Societe Generale decreased their price objective on HSBC from GBX 644 ($8.47) to GBX 600 ($7.89) and set a hold rating on the stock in a research note on Thursday, February 20th. Credit Suisse Group reiterated an outperform rating on shares of HSBC in a research note on Monday. Goldman Sachs Group decreased their price target on HSBC from GBX 860 ($11.31) to GBX 785 ($10.33) and set a conviction-buy rating on the stock in a research report on Monday. Finally, Deutsche Bank reiterated a sell rating and set a GBX 520 ($6.84) price target on shares of HSBC in a research report on Wednesday, February 19th. Nine research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 580.67 ($7.64).

Shares of HSBC stock traded down GBX 5.80 ($0.08) during mid-day trading on Monday, hitting GBX 506.40 ($6.66). 58,445,231 shares of the stock were exchanged, compared to its average volume of 26,590,000. HSBC has a 12 month low of GBX 0.06 ($0.00) and a 12 month high of GBX 741 ($9.75). The company has a 50-day simple moving average of GBX 565.91 and a 200 day simple moving average of GBX 587.58. The company has a market capitalization of $102.87 billion and a P/E ratio of 17.11.

The company also recently disclosed a dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, February 27th. This is a positive change from HSBC’s previous dividend of $0.10. This represents a dividend yield of 2.73%. HSBC’s dividend payout ratio is 1.35%.

In other news, insider John Hinshaw sold 6,430 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of GBX 551 ($7.25), for a total transaction of £35,429.30 ($46,605.24). Also, insider Ewen Stevenson sold 45,215 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of GBX 562 ($7.39), for a total value of £254,108.30 ($334,265.06).

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Analyst Recommendations for HSBC (LON:HSBA)

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