HSBC (LON:HSBA) Share Price Passes Above 200-Day Moving Average - Should You Sell?

HSBC Holdings plc (LON:HSBA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 825.33 ($11.14) and traded as high as GBX 883.90 ($11.93). HSBC shares last traded at GBX 879.01 ($11.87), with a volume of 17,348,838 shares traded.

Analyst Ratings Changes

Several analysts have issued reports on HSBA shares. Citigroup upped their target price on HSBC from GBX 960 ($12.96) to GBX 1,070 ($14.45) and gave the company a "buy" rating in a report on Thursday, March 6th. Bank of America reissued a "buy" rating and set a GBX 1,035 ($13.97) price target on shares of HSBC in a research report on Tuesday, March 25th. Finally, Shore Capital restated a "hold" rating on shares of HSBC in a research report on Tuesday, April 29th.

HSBC Price Performance

The stock has a market capitalization of £195.40 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 5.97 and a beta of 0.52. The business has a fifty day moving average of GBX 832.14 and a 200 day moving average of GBX 828.89.

HSBC Company Profile

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.