HSBC Holdings plc (LON:HSBA - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,190.97 and traded as high as GBX 1,359.50. HSBC shares last traded at GBX 1,343.20, with a volume of 14,319,542 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of HSBC from GBX 1,190 to GBX 1,360 and gave the stock a "neutral" rating in a report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the stock a "hold" rating in a report on Friday, January 23rd. Citigroup boosted their price target on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a "buy" rating in a report on Friday, January 9th. Finally, Shore Capital Group reissued a "hold" rating and set a GBX 1,070 price target on shares of HSBC in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of GBX 1,200.
Check Out Our Latest Research Report on HSBA
HSBC Price Performance
The company has a market cap of £230.33 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 5.97 and a beta of 0.56. The firm's fifty day moving average price is GBX 1,280.43 and its 200-day moving average price is GBX 1,190.97.
Insider Buying and Selling at HSBC
In other news, insider Pam Kaur sold 81,967 shares of the business's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Also, insider Georges Elhedery purchased 842,628 shares of HSBC stock in a transaction dated Monday, March 9th. The shares were purchased at an average cost of GBX 1,282 per share, with a total value of £10,802,490.96. In the last three months, insiders have sold 242,798 shares of company stock valued at $308,402,488. Corporate insiders own 0.14% of the company's stock.
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