HSBC (LON:HSBA - Get Free Report) had its price objective hoisted by investment analysts at Citigroup from GBX 960 ($12.36) to GBX 1,070 ($13.78) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the financial services provider's stock. Citigroup's price objective would suggest a potential upside of 25.18% from the company's current price.
HSBC Stock Performance
Shares of LON:HSBA traded down GBX 21.60 ($0.28) during midday trading on Thursday, reaching GBX 854.80 ($11.01). 26,885,848 shares of the company's stock traded hands, compared to its average volume of 26,109,102. The company has a market cap of £190.84 billion, a P/E ratio of 8.22, a PEG ratio of 5.97 and a beta of 0.52. The company has a fifty day simple moving average of GBX 844.73 and a two-hundred day simple moving average of GBX 749.33. HSBC has a 1 year low of GBX 572.90 ($7.38) and a 1 year high of GBX 950.20 ($12.23).
Insider Activity
In other HSBC news, insider Georges Elhedery sold 43,451 shares of HSBC stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of GBX 926 ($11.92), for a total transaction of £402,356.26 ($518,033.04). Company insiders own 0.32% of the company's stock.
HSBC Company Profile
(
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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.
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