HSBC Holdings plc (LON:HSBA - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 812.40 ($11.02) and traded as high as GBX 891 ($12.09). HSBC shares last traded at GBX 886.05 ($12.02), with a volume of 19,767,686 shares changing hands.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on HSBA shares. Citigroup raised their price target on shares of HSBC from GBX 960 ($13.03) to GBX 1,070 ($14.52) and gave the company a "buy" rating in a research report on Thursday, March 6th. Bank of America reiterated a "buy" rating and issued a GBX 1,035 ($14.04) target price on shares of HSBC in a research note on Tuesday, March 25th. Finally, Shore Capital reaffirmed a "hold" rating on shares of HSBC in a research note on Tuesday, April 29th.
Check Out Our Latest Research Report on HSBC
HSBC Stock Performance
The firm has a market cap of £194.15 billion, a PE ratio of 8.36, a PEG ratio of 5.97 and a beta of 0.52. The stock's 50 day simple moving average is GBX 833.05 and its 200 day simple moving average is GBX 815.74.
Insider Transactions at HSBC
In other HSBC news, insider Georges Elhedery sold 43,451 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of GBX 926 ($12.56), for a total transaction of £402,356.26 ($545,937.94). Also, insider Pam Kaur sold 45,267 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of GBX 861 ($11.68), for a total transaction of £389,748.87 ($528,831.57). Company insiders own 0.32% of the company's stock.
About HSBC
(
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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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