HSBC (LON:HSBA – Free Report) had its target price lifted by Citigroup from GBX 960 ($12.37) to GBX 1,070 ($13.79) in a report issued on Thursday morning, Marketbeat Ratings reports. They currently have a buy rating on the financial services provider’s stock.
HSBC Price Performance
Shares of LON:HSBA opened at GBX 883.10 ($11.38) on Thursday. The company’s 50-day moving average price is GBX 842.75 and its two-hundred day moving average price is GBX 746.99. HSBC has a one year low of GBX 572.90 ($7.38) and a one year high of GBX 950.20 ($12.24). The stock has a market capitalization of £197.16 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.
Insider Activity
In related news, insider Georges Elhedery sold 43,451 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of GBX 926 ($11.93), for a total value of £402,356.26 ($518,500.34). 0.32% of the stock is owned by insiders.
About HSBC
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.
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