Shore Capital reaffirmed their hold rating on shares of HSBC (LON:HSBA - Free Report) in a research report released on Tuesday, Marketbeat.com reports.
Several other research firms have also commented on HSBA. Citigroup increased their target price on shares of HSBC from GBX 960 ($12.74) to GBX 1,070 ($14.20) and gave the company a "buy" rating in a report on Thursday, March 6th. Bank of America reaffirmed a "buy" rating and issued a GBX 1,035 ($13.74) price target on shares of HSBC in a research note on Tuesday, March 25th.
Read Our Latest Analysis on HSBC
HSBC Price Performance
HSBA stock traded up GBX 21.48 ($0.29) during midday trading on Tuesday, reaching GBX 846.18 ($11.23). The company had a trading volume of 14,423,428 shares, compared to its average volume of 28,843,525. The company has a market capitalization of £188.92 billion, a P/E ratio of 8.14, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC has a 1 year low of GBX 610.89 ($8.11) and a 1 year high of GBX 950.20 ($12.61). The firm has a 50-day moving average price of GBX 839.48 and a 200-day moving average price of GBX 795.83.
Insiders Place Their Bets
In other HSBC news, 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 ($11.43), for a total transaction of £389,748.87 ($517,319.98). Also, 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 ($12.29), for a total value of £402,356.26 ($534,053.97). Company insiders own 0.32% of the company's stock.
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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