HSBC (LON:HSBA – Get Free Report) had its price target lifted by analysts at Citigroup from GBX 960 ($12.41) to GBX 1,070 ($13.83) in a note issued to investors on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s target price suggests a potential upside of 22.09% from the stock’s current price.
HSBC Stock Down 0.5 %
Shares of HSBC stock opened at GBX 876.40 ($11.33) on Thursday. HSBC has a 12-month low of GBX 572.90 ($7.40) and a 12-month high of GBX 950.20 ($12.28). The stock has a market cap of £195.66 billion, a P/E ratio of 8.43, a P/E/G ratio of 5.97 and a beta of 0.52. The business’s 50 day moving average is GBX 844.73 and its 200-day moving average is GBX 747.88.
Insider Buying and Selling
In other HSBC news, insider Georges Elhedery sold 43,451 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of GBX 926 ($11.97), for a total value of £402,356.26 ($520,041.70). 0.32% of the stock is owned by insiders.
HSBC Company Profile
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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