HSBC Holdings plc (LON:HSBA - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 913 ($12.21) and traded as high as GBX 991.50 ($13.26). HSBC shares last traded at GBX 987.16 ($13.20), with a volume of 20,791,033 shares traded.
Analysts Set New Price Targets
HSBA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 910 price objective on shares of HSBC in a report on Thursday, July 31st. Shore Capital reissued a "hold" rating on shares of HSBC in a report on Thursday, October 9th. Citigroup increased their price objective on shares of HSBC from GBX 1,120 to GBX 1,160 and gave the stock a "buy" rating in a report on Tuesday. Royal Bank Of Canada raised their target price on shares of HSBC from GBX 900 to GBX 950 and gave the company a "sector perform" rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of HSBC from GBX 940 to GBX 950 and gave the company a "neutral" rating in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of GBX 997.50.
Get Our Latest Stock Analysis on HSBA
HSBC Trading Up 0.7%
The company has a market cap of £171.04 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The firm's 50 day moving average price is GBX 993.81 and its 200-day moving average price is GBX 913.
HSBC Company Profile
(
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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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