HSBC Holdings plc (LON:HSBA - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 762.80 ($9.86) and traded as high as GBX 884.50 ($11.43). HSBC shares last traded at GBX 881.60 ($11.39), with a volume of 66,917,250 shares.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on HSBA shares. Citigroup lifted their price target on HSBC from GBX 960 ($12.40) to GBX 1,070 ($13.83) and gave the stock a "buy" rating in a report on Thursday, March 6th. Bank of America reiterated a "buy" rating and issued a GBX 1,035 ($13.37) price target on shares of HSBC in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, HSBC currently has an average rating of "Moderate Buy" and a consensus price target of GBX 918.75 ($11.87).
Check Out Our Latest Research Report on HSBA
HSBC Stock Up 0.2 %
The stock has a 50 day moving average of GBX 863.11 and a 200 day moving average of GBX 765.79. The company has a market capitalization of £198.32 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.
Insider Activity at HSBC
In related news, insider Pam Kaur sold 45,267 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of GBX 861 ($11.13), for a total value of £389,748.87 ($503,616.58). Also, insider Georges Elhedery sold 43,451 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of GBX 926 ($11.97), for a total transaction of £402,356.26 ($519,907.30). 0.32% of the stock is currently owned by corporate insiders.
About HSBC
(
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
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