HSBC (LON:HSBA) Stock Passes Above 200-Day Moving Average - Here's What Happened

Shares of HSBC Holdings plc (LON:HSBA - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 842.87 ($11.51) and traded as high as GBX 891.90 ($12.18). HSBC shares last traded at GBX 884.66 ($12.08), with a volume of 21,557,396 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HSBA shares. Shore Capital restated a "hold" rating on shares of HSBC in a research note on Tuesday, April 29th. Bank of America reiterated a "buy" rating and set a GBX 1,035 ($14.13) target price on shares of HSBC in a research report on Tuesday, March 25th.

HSBC Trading Up 0.1%

The stock has a market capitalization of £197.79 billion, a P/E ratio of 8.52, a P/E/G ratio of 5.97 and a beta of 0.52. The business has a 50-day moving average price of GBX 869.82 and a 200 day moving average price of GBX 844.54.

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.