Georges Elhedery Sells 94,749 Shares of HSBC (LON:HSBA) Stock

HSBC Holdings plc (LON:HSBA) insider Georges Elhedery sold 94,749 shares of the 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.

Georges Elhedery also recently made the following trade(s):

• On Monday, March 9th, Georges Elhedery bought 842,628 shares of HSBC stock. The shares were acquired at an average price of GBX 1,282 per share, for a total transaction of £10,802,490.96.
• On Monday, March 9th, Georges Elhedery sold 66,082 shares of HSBC stock. The stock was sold at an average price of GBX 1,244, for a total transaction of £822,060.08.

HSBC Stock Performance

Shares of HSBC stock traded down GBX 84.20 during trading on Thursday, hitting GBX 1,188.60. The company’s stock had a trading volume of 219,358,078 shares, compared to its average volume of 27,258,385. HSBC Holdings plc has a 52 week low of GBX 698.70 and a 52 week high of GBX 1,410.60. The company has a market capitalization of £203.72 billion, a PE ratio of 9.91, a P/E/G ratio of 5.97 and a beta of 0.47. The company has a fifty day simple moving average of GBX 1,263.91 and a two-hundred day simple moving average of GBX 1,125.11.

Analysts Set New Price Targets

HSBA has been the topic of a number of analyst reports. Citigroup boosted their price target on HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research report on Friday, January 9th. Shore Capital Group reissued a “hold” rating and issued a GBX 1,070 target price on shares of HSBC in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft increased their target price 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. Finally, JPMorgan Chase & Co. raised their price target on HSBC from GBX 1,060 to GBX 1,190 and gave the company a “neutral” rating in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,144.17.

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