HSBC (LON:HSBA) Insider Acquires £31,423 in Stock

HSBC Holdings plc (LON:HSBA) insider Pam Kaur bought 2,345 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of GBX 1,340 per share, for a total transaction of £31,423.

Pam Kaur also recently made the following trade(s):

• On Wednesday, March 11th, Pam Kaur sold 81,967 shares of HSBC stock. The shares were sold at an average price of GBX 1,280, for a total value of £1,049,177.60.

HSBC Trading Up 1.3%

Shares of HSBC stock traded up GBX 18 during trading hours on Wednesday, reaching GBX 1,404. 19,256,346 shares of the company’s stock were exchanged, compared to its average volume of 24,473,082. HSBC Holdings plc has a 52-week low of GBX 859.40 and a 52-week high of GBX 1,416.80. The company has a fifty day moving average of GBX 1,296.54 and a 200-day moving average of GBX 1,229.38. The firm has a market capitalization of £240.76 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 5.97 and a beta of 0.57.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HSBA shares. HSBC reissued a “hold” rating and issued a GBX 1,450 price target on shares of HSBC in a research note on Wednesday, May 6th. UBS Group reissued a “neutral” rating and issued a GBX 1,419 target price on shares of HSBC in a research report on Tuesday, May 5th. JPMorgan Chase & Co. upped their price target on shares of HSBC from GBX 1,360 to GBX 1,370 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Shore Capital Group raised shares of HSBC to a “hold” rating and increased their price target for the stock from GBX 1,210 to GBX 1,250 in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their target price on HSBC from GBX 1,200 to GBX 1,275 and gave the company a “sector perform” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, HSBC presently has an average rating of “Hold” and a consensus price target of GBX 1,300.50.

About HSBC