HSBC Holdings plc (LON:HSBA - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 812.40 ($10.89) and traded as high as GBX 891 ($11.95). HSBC shares last traded at GBX 886.05 ($11.88), with a volume of 19,767,686 shares changing hands.
Analyst Ratings Changes
A number of brokerages have weighed in on HSBA. Shore Capital reaffirmed a "hold" rating on shares of HSBC in a research note on Tuesday, April 29th. Citigroup raised their price target on shares of HSBC from GBX 960 ($12.87) to GBX 1,070 ($14.35) and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, Bank of America reissued a "buy" rating and set a GBX 1,035 ($13.88) price target on shares of HSBC in a research report on Tuesday, March 25th.
View Our Latest Report on HSBC
HSBC Stock Down 0.4%
The company's fifty day moving average is GBX 834.02 and its 200-day moving average is GBX 812.40. The company has a market cap of £196.80 billion, a PE ratio of 8.48, a PEG ratio of 5.97 and a beta of 0.52.
Insider Buying and Selling
In other news, insider Georges Elhedery sold 43,451 shares of HSBC stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of GBX 926 ($12.42), for a total transaction of £402,356.26 ($539,568.54). Also, insider Pam Kaur sold 45,267 shares of HSBC stock in a transaction on Monday, March 10th. The stock was sold at an average price of GBX 861 ($11.55), for a total transaction of £389,748.87 ($522,661.75). 0.32% of the stock is currently owned by corporate insiders.
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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