HSBC (LON:HSBA) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• HSBC shares climbed above their 200-day moving average, trading as high as GBX 1,284.80 and last at GBX 1,267.40 on a volume of about 12.7 million shares (200‑day MA: GBX 1,157.41).
• Several analysts raised price targets — notably Citigroup to GBX 1,320 and JPMorgan to GBX 1,360 — but the consensus rating remains Hold with an average target of GBX 1,200.
• Company insiders have been sellers recently, offloading 242,798 shares valued at roughly $308.4 million over the past three months, and insiders now own just 0.14% of the stock.

HSBC Holdings plc (LON:HSBA - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,157.41 and traded as high as GBX 1,284.80. HSBC shares last traded at GBX 1,267.40, with a volume of 12,720,973 shares.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HSBA. Shore Capital Group restated a "hold" rating and issued a GBX 1,070 price target on shares of HSBC in a research report on Friday, January 9th. Citigroup lifted their target price 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a "hold" rating in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of HSBC from GBX 1,190 to GBX 1,360 and gave the stock a "neutral" rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of GBX 1,200.

HSBC Stock Up 4.1%

The company has a market cap of £226.18 billion, a PE ratio of 10.99, a P/E/G ratio of 5.97 and a beta of 0.56. The firm's fifty day simple moving average is GBX 1,261.94 and its 200-day simple moving average is GBX 1,157.41.

Insider Buying and Selling at HSBC

In other news, insider Pam Kaur sold 81,967 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Also, insider Georges Elhedery sold 94,749 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total value of £1,212,787.20. Insiders sold 242,798 shares of company stock valued at $308,402,488 in the last three months. Company insiders own 0.14% of the company's stock.

HSBC Company Profile

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