Key Points
- HSBC insider Elizabeth Alison Platt purchased 12,338 shares at GBX 1,297 each, totaling approximately £160,024.
- HSBC shares opened at GBX 1,274, down 1.4%, with the stock trading below both its 50-day and 200-day moving averages.
- Analysts maintain a broadly neutral outlook: all eight covering analysts rate HSBC “Hold,” with a consensus price target of GBX 1,403.
HSBC Holdings plc (LON:HSBA - Get Free Report) insider Elizabeth Alison Platt bought 12,338 shares of the business's stock in a transaction on Thursday, October 29th. The stock was purchased at an average price of GBX 1,297 per share, for a total transaction of £160,023.86.
HSBC Stock Down 1.4%
Shares of LON HSBA opened at GBX 1,274 on Friday. The company's fifty day moving average is GBX 1,465.79 and its 200-day moving average is GBX 1,384.04. The stock has a market cap of £217.94 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 5.97 and a beta of 0.58. HSBC Holdings plc has a twelve month low of GBX 1,027.80 and a twelve month high of GBX 1,610.
Analyst Upgrades and Downgrades
HSBA has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on HSBC from GBX 1,275 to GBX 1,375 and gave the stock a "sector perform" rating in a research note on Friday, August 14th. JPMorgan Chase & Co. boosted their target price on HSBC from GBX 1,380 to GBX 1,450 and gave the company a "neutral" rating in a research note on Friday, August 7th. Jefferies Financial Group restated a "hold" rating and issued a GBX 1,120 price target on shares of HSBC in a report on Tuesday. Citigroup raised their price target on HSBC from GBX 1,570 to GBX 1,640 and gave the stock a "neutral" rating in a research report on Wednesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 1,520 price objective on shares of HSBC in a report on Wednesday, August 5th. Eight research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, HSBC presently has an average rating of "Hold" and a consensus target price of GBX 1,403.
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