HSBC Holdings plc (LON:HSBA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 797.01 ($10.59) and traded as high as GBX 847.10 ($11.26). HSBC shares last traded at GBX 846.18 ($11.24), with a volume of 14,423,428 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Shore Capital reaffirmed a "hold" rating on shares of HSBC in a research report on Tuesday, April 29th. Citigroup lifted their target price on shares of HSBC from GBX 960 ($12.76) to GBX 1,070 ($14.22) and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Bank of America reissued a "buy" rating and issued a GBX 1,035 ($13.75) price target on shares of HSBC in a report on Tuesday, March 25th.
Read Our Latest Report on HSBC
HSBC Trading Up 0.7%
The firm has a market cap of £189.72 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 5.97 and a beta of 0.52. The business's 50-day simple moving average is GBX 832.12 and its two-hundred day simple moving average is GBX 801.75.
Insider Buying and Selling
In other HSBC news, insider Pam Kaur sold 45,267 shares of HSBC stock in a transaction on Monday, March 10th. The shares were sold at an average price of GBX 861 ($11.44), for a total transaction of £389,748.87 ($517,869.88). Also, insider Georges Elhedery sold 43,451 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of GBX 926 ($12.30), for a total transaction of £402,356.26 ($534,621.66). 0.32% of the stock is owned by insiders.
About HSBC
(
Get Free Report)
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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