HSBC (LON:HSBA) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

HSBC Holdings plc (LON:HSBA) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,247.82 and traded as high as GBX 1,382.20. HSBC shares last traded at GBX 1,371.20, with a volume of 14,151,583 shares traded.

Analyst Ratings Changes

Several research firms recently issued reports on HSBA. UBS Group restated a “neutral” rating and set a GBX 1,419 price target on shares of HSBC in a research report on Tuesday, May 5th. HSBC restated a “hold” rating and set a GBX 1,450 price target on shares of HSBC in a research report on Wednesday, May 6th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,120 price target on shares of HSBC in a research report on Tuesday, May 5th. Royal Bank Of Canada raised their price target on HSBC from GBX 1,200 to GBX 1,275 and gave the stock a “sector perform” rating in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. raised their price target on HSBC from GBX 1,360 to GBX 1,370 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, HSBC presently has a consensus rating of “Hold” and an average price target of GBX 1,300.50.

HSBC Stock Performance

The stock has a market capitalization of £233.39 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 5.97 and a beta of 0.58. The stock has a 50-day moving average price of GBX 1,331.77 and a two-hundred day moving average price of GBX 1,247.82.

Insider Buying and Selling

In other news, insider Georges Elhedery sold 94,749 shares of HSBC stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total value of £1,212,787.20. Also, insider Pam Kaur acquired 2,345 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of GBX 1,340 per share, for a total transaction of £31,423. 0.14% of the stock is currently owned by company insiders.

HSBC Company Profile