HSBC (LON:HSBA) Insider Purchases £160,023.86 in Stock

Key Points

• HSBC insider Elizabeth Alison Platt purchased 12,338 shares at GBX 1,297 each, for a total investment of £160,023.86.
• HSBC shares fell GBX 22 to GBX 1,270.60, with trading volume far above average; the stock remains below its 50-day and 200-day moving averages.
• Analysts maintain a consensus “Hold” rating, with an average price target of GBX 1,403, despite several firms recently raising their targets.

HSBC Holdings plc (LON:HSBA - Get Free Report) insider Elizabeth Alison Platt acquired 12,338 shares of the business's stock in a transaction that occurred on Thursday, October 29th. The stock was bought at an average cost of GBX 1,297 per share, for a total transaction of £160,023.86.

HSBC Stock Performance

Shares of LON:HSBA traded down GBX 22 on Friday, hitting GBX 1,270.60. 196,009,125 shares of the company were exchanged, compared to its average volume of 24,027,623. HSBC Holdings plc has a one year low of GBX 1,027.80 and a one year high of GBX 1,610. The firm has a market capitalization of £217.36 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 5.97 and a beta of 0.58. The company's 50 day moving average price is GBX 1,470.36 and its two-hundred day moving average price is GBX 1,383.69.

Analyst Ratings Changes

Several research analysts have recently issued reports on HSBA shares. Citigroup raised their price target on HSBC from GBX 1,570 to GBX 1,640 and gave the stock a "neutral" rating in a research report on Wednesday, September 23rd. Jefferies Financial Group reissued a "hold" rating and issued a GBX 1,120 price objective on shares of HSBC in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 1,520 price target on shares of HSBC in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price target on HSBC from GBX 1,380 to GBX 1,450 and gave the stock a "neutral" rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of HSBC from GBX 1,275 to GBX 1,375 and gave the stock a "sector perform" rating in a research note on Friday, August 14th. Eight investment analysts have rated the stock with a Hold rating. According to MarketBeat, HSBC has a consensus rating of "Hold" and a consensus price target of GBX 1,403.

HSBC Company Profile

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