HSBC Holdings plc (LON:HSBA – Get Rating) insider Ewen Stevenson bought 40,025 shares of HSBC stock in a transaction dated Monday, November 21st. The stock was purchased at an average price of GBX 479 ($5.66) per share, for a total transaction of £191,719.75 ($226,699.48).
HSBC Trading Up 0.7 %
HSBA opened at GBX 486.85 ($5.76) on Wednesday. The stock has a market cap of £97.22 billion and a PE ratio of 973.70. The stock’s fifty day simple moving average is GBX 479.10 and its 200 day simple moving average is GBX 509.29. HSBC Holdings plc has a 1-year low of GBX 409.85 ($4.85) and a 1-year high of GBX 567.20 ($6.71).
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. The Goldman Sachs Group set a GBX 750 ($8.87) target price on shares of HSBC in a research note on Tuesday, October 25th. Jefferies Financial Group set a GBX 574 ($6.79) price target on HSBC in a report on Tuesday, October 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 675 ($7.98) price target on shares of HSBC in a report on Wednesday, October 26th. Credit Suisse Group set a GBX 585 ($6.92) price target on HSBC in a report on Wednesday, November 9th. Finally, Shore Capital reaffirmed a “buy” rating on shares of HSBC in a report on Tuesday, October 25th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, HSBC has an average rating of “Hold” and a consensus price target of GBX 641.18 ($7.58).
HSBC Company Profile
HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.
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