HSBC (LON:HSBA) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• HSBC shares crossed above its 200-day moving average (200‑day MA GBX 1,141.63) and last traded at GBX 1,195.40, though the stock remains below its 50‑day MA (GBX 1,260.78) and was trading down about 1.3% on the session.
• Analysts have a consensus "Hold" rating with a price target of GBX 1,200 (several firms recently raised targets), and insider activity is mixed—Georges Elhedery bought 842,628 shares at GBX 1,282 while insiders sold 242,798 shares in the past 90 days; insiders own roughly 0.14%.

Shares of HSBC Holdings plc (LON:HSBA - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,141.63 and traded as high as GBX 1,208. HSBC shares last traded at GBX 1,195.40, with a volume of 210,592,516 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the stock a "buy" rating in a report on Friday, January 9th. Shore Capital Group reiterated a "hold" rating and issued a GBX 1,070 price objective on shares of HSBC in a research note on Friday, January 9th. JPMorgan Chase & Co. lifted their target price on shares of HSBC from GBX 1,190 to GBX 1,360 and gave the stock a "neutral" rating in a research report on Tuesday, March 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on HSBC from GBX 1,050 to GBX 1,200 and gave the stock a "hold" rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of GBX 1,200.

HSBC Trading Down 1.3%

The stock has a market capitalization of £204.89 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 5.97 and a beta of 0.47. The firm has a 50-day moving average price of GBX 1,260.78 and a 200-day moving average price of GBX 1,141.63.

Insider Activity

In related news, insider Pam Kaur sold 81,967 shares of the firm's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Also, insider Georges Elhedery acquired 842,628 shares of the stock in a transaction on Monday, March 9th. The stock was bought at an average cost of GBX 1,282 per share, for a total transaction of £10,802,490.96. In the last 90 days, insiders have sold 242,798 shares of company stock valued at $308,402,488. 0.14% of the stock is owned by company insiders.

About HSBC

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