HSBC Holdings plc (LON:HSBA - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 705.85 ($8.78) and traded as high as GBX 826.90 ($10.29). HSBC shares last traded at GBX 824.20 ($10.26), with a volume of 19,402,422 shares traded.
Analysts Set New Price Targets
Separately, Citigroup reaffirmed a "top pick" rating on shares of HSBC in a research note on Thursday, December 12th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, HSBC currently has a consensus rating of "Buy" and an average price target of GBX 795 ($9.89).
Read Our Latest Report on HSBC
HSBC Trading Up 1.4 %
The stock's 50-day moving average is GBX 773.01 and its 200-day moving average is GBX 706.78. The stock has a market cap of £152.03 billion, a price-to-earnings ratio of 939.10, a P/E/G ratio of 5.97 and a beta of 0.52.
Insider Buying and Selling at HSBC
In other news, insider Georges Elhedery acquired 41,720 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of GBX 718 ($8.93) per share, for a total transaction of £299,549.60 ($372,713.20). 0.32% of the stock is currently owned by corporate insiders.
About HSBC
(
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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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