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 acquired at an average price of GBX 1,340 per share, with a total value 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 stock was sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60.

HSBC Price Performance

Shares of HSBC stock traded up GBX 18 during trading hours on Wednesday, hitting GBX 1,404. The company had a trading volume of 19,256,346 shares, compared to its average volume of 24,473,082. The company’s 50-day moving average is GBX 1,296.54 and its two-hundred day moving average is GBX 1,229.38. The company has a market cap of £240.76 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 5.97 and a beta of 0.57. HSBC Holdings plc has a twelve month low of GBX 859.40 and a twelve month high of GBX 1,416.80.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. UBS Group restated a “neutral” rating and issued a GBX 1,419 price objective on shares of HSBC in a research note on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,120 price objective on shares of HSBC in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lifted 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. Shore Capital Group raised HSBC to a “hold” rating and boosted their target price for the company from GBX 1,210 to GBX 1,250 in a report on Thursday, May 7th. Finally, HSBC reaffirmed a “hold” rating and set a GBX 1,450 price target on shares of HSBC in a report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 1,300.50.

HSBC Company Profile