Key Points
- HSBC insider Pam Kaur bought 2,345 shares on May 22 at an average price of GBX 1,340, a transaction worth about £31,423.
- Kaur had recently sold a much larger block of 81,967 shares in March, suggesting mixed insider activity around the stock.
- HSBC shares were trading up 1.3% at GBX 1,404, near their 52-week high, while analysts currently rate the stock Hold with a consensus target price of GBX 1,300.50.
HSBC Holdings plc (LON:HSBA - Get Free Report) insider Pam Kaur bought 2,345 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost 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 Trading Up 1.3%
Shares of HSBC stock opened at GBX 1,404 on Thursday. The firm has a fifty day simple moving average of GBX 1,300.68 and a 200-day simple moving average of GBX 1,231.60. HSBC Holdings plc has a 1-year low of GBX 859.40 and a 1-year high of GBX 1,416.80. The stock has a market capitalization of £240.76 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 5.97 and a beta of 0.57.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on HSBA. HSBC restated a "hold" rating and issued a GBX 1,450 price objective on shares of HSBC in a research note on Wednesday, May 6th. Jefferies Financial Group restated a "hold" rating and issued a GBX 1,120 price objective on shares of HSBC in a research note on Tuesday, May 5th. Shore Capital Group upgraded shares of HSBC to a "hold" rating and boosted their price objective for the stock from GBX 1,210 to GBX 1,250 in a research note on Thursday, May 7th. 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of HSBC from GBX 1,360 to GBX 1,370 and gave the stock a "neutral" rating in a research note on Friday, May 8th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of GBX 1,300.50.
Check Out Our Latest Analysis on HSBC
About HSBC
(
Get Free Report)
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
