HSBC Holdings plc (LON:HSBA - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 775.14 ($9.87) and traded as high as GBX 889.60 ($11.32). HSBC shares last traded at GBX 877.02 ($11.16), with a volume of 18,104,904 shares trading hands.
Analyst Ratings Changes
Several research analysts recently commented on HSBA shares. Citigroup raised their target price on HSBC from GBX 960 ($12.22) to GBX 1,070 ($13.62) and gave the stock a "buy" rating in a research report on Thursday, March 6th. Bank of America reiterated a "buy" rating and set a GBX 1,035 ($13.17) target price on shares of HSBC in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, HSBC presently has a consensus rating of "Moderate Buy" and an average target price of GBX 918.75 ($11.69).
Get Our Latest Stock Analysis on HSBC
HSBC Price Performance
The stock has a market capitalization of £164.56 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The firm has a 50 day simple moving average of GBX 869.89 and a 200-day simple moving average of GBX 779.40.
Insider Buying and Selling
In related news, insider Georges Elhedery sold 43,451 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of GBX 926 ($11.79), for a total transaction of £402,356.26 ($512,164.28). 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 ($10.96), for a total value of £389,748.87 ($496,116.18). 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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