HSBC Holdings plc (LON:HSBA – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,247.82 and traded as high as GBX 1,382.20. HSBC shares last traded at GBX 1,371.20, with a volume of 14,151,583 shares trading hands.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Royal Bank Of Canada raised their target price on HSBC from GBX 1,200 to GBX 1,275 and gave the company a “sector perform” rating in a research note on Thursday, May 14th. HSBC restated a “hold” rating and issued a GBX 1,450 target price on shares of HSBC in a research note on Wednesday, May 6th. Shore Capital Group upgraded HSBC to a “hold” rating and raised their target price for the company from GBX 1,210 to GBX 1,250 in a research note on Thursday, May 7th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,120 target price on shares of HSBC in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. raised their target price on HSBC from GBX 1,360 to GBX 1,370 and gave the company a “neutral” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, HSBC presently has a consensus rating of “Hold” and a consensus target price of GBX 1,300.50.
Get Our Latest Analysis on HSBC
HSBC Stock Performance
Insider Buying and Selling at HSBC
In other news, insider Pam Kaur sold 81,967 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total value of £1,049,177.60. Also, insider Georges Elhedery sold 94,749 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total value of £1,212,787.20. 0.14% of the stock is owned by insiders.
HSBC Company Profile
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