Bank of America reiterated their buy rating on shares of HSBC (LON:HSBA - Free Report) in a research note released on Friday morning, Marketbeat Ratings reports. Bank of America currently has a GBX 1,035 ($13.44) target price on the financial services provider's stock.
Separately, Citigroup raised their price target on HSBC from GBX 960 ($12.47) to GBX 1,070 ($13.90) and gave the company a "buy" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, HSBC currently has an average rating of "Moderate Buy" and a consensus price target of GBX 918.75 ($11.93).
Read Our Latest Stock Analysis on HSBC
HSBC Price Performance
HSBA stock traded up GBX 16.40 ($0.21) during mid-day trading on Friday, reaching GBX 894.10 ($11.61). The company had a trading volume of 2,147,000,000 shares, compared to its average volume of 65,268,676. The stock has a 50 day simple moving average of GBX 853.68 and a two-hundred day simple moving average of GBX 757.81. The company has a market capitalization of £199.62 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a 52 week low of GBX 599 ($7.78) and a 52 week high of GBX 950.20 ($12.34).
Insiders Place Their Bets
In other news, insider Georges Elhedery sold 43,451 shares of HSBC stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of GBX 926 ($12.03), for a total value of £402,356.26 ($522,608.47). Also, insider Pam Kaur sold 45,267 shares of HSBC stock in a transaction on Monday, March 10th. The shares were sold at an average price of GBX 861 ($11.18), for a total value of £389,748.87 ($506,233.11). Corporate insiders own 0.32% of the company's stock.
HSBC Company Profile
(
Get Free Report)
With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.
Further Reading
Before you consider HSBC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HSBC wasn't on the list.
While HSBC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
