HSBC (LON:HSBA) Stock Price Passes Above 200-Day Moving Average of $617.34

HSBC Holdings plc (LON:HSBAGet Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 617.34 ($7.74) and traded as high as GBX 619.50 ($7.77). HSBC shares last traded at GBX 609.50 ($7.64), with a volume of 15,796,525 shares traded.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HSBA shares. Royal Bank of Canada cut HSBC to a “sector perform” rating in a research note on Wednesday, November 22nd. Berenberg Bank reissued a “buy” rating and set a GBX 820 ($10.28) target price on shares of HSBC in a research note on Monday, October 30th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, HSBC presently has an average rating of “Moderate Buy” and an average price target of GBX 787.60 ($9.87).

Read Our Latest Analysis on HSBA

HSBC Price Performance

The business’s 50 day moving average price is GBX 616.63 and its 200 day moving average price is GBX 617.34. The stock has a market capitalization of £116.66 billion, a P/E ratio of 559.17, a price-to-earnings-growth ratio of 0.62 and a beta of 0.57.

About HSBC

(Get Free Report)

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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