HSBC (LON:HSBA) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

HSBC Holdings plc (LON:HSBA - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 784.50 ($10.50) and traded as high as GBX 792 ($10.60). HSBC shares last traded at GBX 789 ($10.56), with a volume of 25,568,129 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HSBA. Citigroup upped their price objective on shares of HSBC from GBX 960 ($12.85) to GBX 1,070 ($14.32) and gave the stock a "buy" rating in a report on Thursday, March 6th. Bank of America reaffirmed a "buy" rating and issued a GBX 1,035 ($13.85) target price on shares of HSBC in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, HSBC has an average rating of "Moderate Buy" and a consensus target price of GBX 918.75 ($12.29).

HSBC Stock Up 1.4 %

The stock's fifty day moving average is GBX 848.74 and its two-hundred day moving average is GBX 786.08. The firm has a market capitalization of £178.67 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of 5.97 and a beta of 0.52.

Insider Buying and Selling

In other news, insider Georges Elhedery sold 43,451 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of GBX 926 ($12.39), for a total transaction of £402,356.26 ($538,413.30). Also, insider Pam Kaur sold 45,267 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of GBX 861 ($11.52), for a total value of £389,748.87 ($521,542.71). 0.32% of the stock is currently owned by corporate insiders.

HSBC Company Profile

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.