HSBC Holdings plc (LON:HSBA – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,301.40 and traded as high as GBX 1,461.80. HSBC shares last traded at GBX 1,456.40, with a volume of 13,205,030 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on HSBA shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,120 price target on shares of HSBC in a research note on Tuesday, May 5th. UBS Group reissued a “neutral” rating and issued a GBX 1,419 target price on shares of HSBC in a report on Tuesday, May 5th. Royal Bank Of Canada raised their target price on HSBC from GBX 1,200 to GBX 1,275 and gave the stock a “sector perform” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. boosted their price target 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. Finally, Shore Capital Group upgraded HSBC to a “hold” rating and boosted their price target for the company from GBX 1,210 to GBX 1,250 in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 1,300.50.
HSBC Stock Performance
Insiders Place Their Bets
In related news, insider Pam Kaur purchased 2,345 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of GBX 1,340 per share, with a total value of £31,423. Company insiders own 0.14% of the company’s stock.
HSBC Company Profile
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