HSBC Holdings plc (LON:HSBA – Get Free Report) insider Georges Elhedery sold 43,451 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of GBX 926 ($11.93), for a total value of £402,356.26 ($518,500.34).
HSBC Stock Performance
Shares of HSBA opened at GBX 881 ($11.35) on Friday. HSBC Holdings plc has a fifty-two week low of GBX 572.90 ($7.38) and a fifty-two week high of GBX 950.20 ($12.24). The business’s 50-day moving average is GBX 842.75 and its two-hundred day moving average is GBX 746.99. The company has a market capitalization of £196.69 billion, a P/E ratio of 8.47, a P/E/G ratio of 5.97 and a beta of 0.52.
Analyst Ratings Changes
Separately, Citigroup boosted their price objective on shares of HSBC from GBX 960 ($12.37) to GBX 1,070 ($13.79) and gave the stock a “buy” rating in a research note on Thursday.
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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