Shares of HSBC Holdings plc (LON:HSBA - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 804.54 ($10.75) and traded as high as GBX 882 ($11.78). HSBC shares last traded at GBX 876.10 ($11.70), with a volume of 24,437,684 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Bank of America reaffirmed a "buy" rating and issued a GBX 1,035 ($13.82) price target on shares of HSBC in a research note on Tuesday, March 25th. Citigroup boosted their price target on HSBC from GBX 960 ($12.82) to GBX 1,070 ($14.29) and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, Shore Capital reaffirmed a "hold" rating on shares of HSBC in a research note on Tuesday, April 29th.
Get Our Latest Stock Report on HSBC
HSBC Stock Down 0.2%
The stock has a market cap of £196.76 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 5.97 and a beta of 0.52. The company has a 50 day simple moving average of GBX 833.08 and a 200 day simple moving average of GBX 809.97.
Insiders Place Their Bets
In other news, insider Georges Elhedery sold 43,451 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of GBX 926 ($12.37), for a total value of £402,356.26 ($537,406.52). Also, insider Pam Kaur sold 45,267 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of GBX 861 ($11.50), for a total value of £389,748.87 ($520,567.48). Insiders own 0.32% of the company's stock.
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.
Further Reading
Before you consider HSBC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HSBC wasn't on the list.
While HSBC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
