HSBC Holdings plc (LON:HSBA) Insider Pam Kaur Sells 45,267 Shares

HSBC Holdings plc (LON:HSBA) insider Pam Kaur sold 45,267 shares of HSBC stock in a transaction on Monday, March 10th. The shares were sold at an average price of GBX 861 ($11.14), for a total transaction of £389,748.87 ($504,137.72).

HSBC Trading Up 2.0 %

HSBA stock opened at GBX 870 ($11.25) on Friday. HSBC Holdings plc has a 1 year low of GBX 584.90 ($7.57) and a 1 year high of GBX 950.20 ($12.29). The company has a fifty day simple moving average of GBX 851.80 and a 200 day simple moving average of GBX 754.88. The firm has a market cap of £194.24 billion, a PE ratio of 8.37, a PEG ratio of 5.97 and a beta of 0.52.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America reissued a “buy” rating and set a GBX 1,035 ($13.39) target price on shares of HSBC in a research note on Friday. Citigroup lifted their target price on shares of HSBC from GBX 960 ($12.42) to GBX 1,070 ($13.84) and gave the company a “buy” rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 918.75 ($11.88).

HSBC Company Profile

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.