HSBC Holdings plc (LON:HSBA - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 838.22 ($11.50) and traded as high as GBX 887.10 ($12.17). HSBC shares last traded at GBX 885.97 ($12.16), with a volume of 19,725,236 shares changing hands.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Bank of America reaffirmed a "buy" rating and issued a GBX 1,035 ($14.20) price objective on shares of HSBC in a report on Tuesday, March 25th. Citigroup lifted their price objective on shares of HSBC from GBX 960 ($13.17) to GBX 1,070 ($14.68) and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, Shore Capital reissued a "hold" rating on shares of HSBC in a research note on Tuesday, April 29th.
Read Our Latest Report on HSBA
HSBC Price Performance
The firm has a market cap of £197.43 billion, a PE ratio of 8.50, a PEG ratio of 5.97 and a beta of 0.52. The business's 50 day moving average price is GBX 863.65 and its 200 day moving average price is GBX 840.43.
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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