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

HSBC Holdings plc (LON:HSBA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 853.88 ($11.46) and traded as high as GBX 934.10 ($12.54). HSBC shares last traded at GBX 932.30 ($12.51), with a volume of 18,706,379 shares changing hands.

Analysts Set New Price Targets

HSBA has been the subject of a number of analyst reports. Shore Capital reissued a "hold" rating on shares of HSBC in a report on Tuesday, April 29th. Bank of America reiterated a "buy" rating and set a GBX 1,035 ($13.89) target price on shares of HSBC in a research report on Tuesday, March 25th.

HSBC Stock Down 0.0%

The stock has a market capitalization of £208.14 billion, a PE ratio of 8.97, a PEG ratio of 5.97 and a beta of 0.52. The company has a 50-day moving average of GBX 884.46 and a 200 day moving average of GBX 854.36.

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.