HSBC (LON:HSBA) Insider Sells £1,049,177.60 in Stock

HSBC Holdings plc (LON:HSBA) insider Pam Kaur sold 81,967 shares of the company’s 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 1.1%

Shares of HSBC stock opened at GBX 1,182.20 on Friday. The stock’s fifty day simple moving average is GBX 1,264.21 and its 200 day simple moving average is GBX 1,128.23. The company has a market capitalization of £202.63 billion, a PE ratio of 9.85, a PEG ratio of 5.97 and a beta of 0.47. HSBC Holdings plc has a 12 month low of GBX 698.70 and a 12 month high of GBX 1,410.60.

Wall Street Analyst Weigh In

HSBA has been the subject of several recent analyst reports. Shore Capital Group reissued a “hold” rating and issued a GBX 1,070 price objective on shares of HSBC in a report on Friday, January 9th. Citigroup increased their price target on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. lifted their price objective on shares of HSBC from GBX 1,060 to GBX 1,190 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, HSBC currently has an average rating of “Hold” and an average target price of GBX 1,144.17.

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