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HSBC's (HSBA) "Hold" Rating Reaffirmed at Shore Capital

HSBC logo with Financial Services background

Shore Capital reaffirmed their hold rating on shares of HSBC (LON:HSBA - Free Report) in a research report released on Tuesday, MarketBeat.com reports.

A number of other analysts have also recently weighed in on the stock. Bank of America reaffirmed a "buy" rating and set a GBX 1,035 ($13.74) target price on shares of HSBC in a research note on Tuesday, March 25th. Citigroup upped their target price on HSBC from GBX 960 ($12.74) to GBX 1,070 ($14.20) and gave the stock a "buy" rating in a report on Thursday, March 6th.

View Our Latest Report on HSBA

HSBC Trading Up 2.6 %

LON HSBA traded up GBX 21.48 ($0.29) during trading on Tuesday, hitting GBX 846.18 ($11.23). 14,423,428 shares of the company's stock were exchanged, compared to its average volume of 28,843,525. The company has a market cap of £188.92 billion, a PE ratio of 8.14, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC has a fifty-two week low of GBX 610.89 ($8.11) and a fifty-two week high of GBX 950.20 ($12.61). The stock's 50 day moving average price is GBX 839.48 and its two-hundred day moving average price is GBX 795.83.

Insider Activity at HSBC

In other news, insider Georges Elhedery sold 43,451 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of GBX 926 ($12.29), for a total value of £402,356.26 ($534,053.97). Also, insider Pam Kaur sold 45,267 shares of HSBC stock in a transaction on Monday, March 10th. The stock was sold at an average price of GBX 861 ($11.43), for a total transaction of £389,748.87 ($517,319.98). 0.32% of the stock is currently owned by company 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.

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