Pam Kaur Sells 81,967 Shares of HSBC (LON:HSBA) Stock

HSBC Holdings plc (LON:HSBA) insider Pam Kaur sold 81,967 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60.

HSBC Trading Down 6.6%

HSBA stock traded down GBX 84.20 during mid-day trading on Thursday, hitting GBX 1,188.60. 219,358,078 shares of the company were exchanged, compared to its average volume of 27,258,385. The firm has a fifty day simple moving average of GBX 1,263.91 and a 200 day simple moving average of GBX 1,125.11. The company has a market capitalization of £203.72 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 5.97 and a beta of 0.47. HSBC Holdings plc has a twelve month low of GBX 698.70 and a twelve month high of GBX 1,410.60.

Analyst Upgrades and Downgrades

HSBA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their price target 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. Citigroup increased their target price on 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 target on shares of HSBC in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. upped their price target on HSBC from GBX 1,060 to GBX 1,190 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,144.17.

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