HSBC Holdings plc (LON:HSBA – Get Free Report) insider Pam Kaur sold 45,267 shares of HSBC stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of GBX 861 ($11.17), for a total value of £389,748.87 ($505,445.30).
HSBC Price Performance
Shares of HSBC stock opened at GBX 847.51 ($10.99) on Thursday. The business has a 50-day simple moving average of GBX 848.54 and a 200 day simple moving average of GBX 753.38. HSBC Holdings plc has a one year low of GBX 584 ($7.57) and a one year high of GBX 950.20 ($12.32). The firm has a market capitalization of £189.21 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 5.97 and a beta of 0.52.
Analyst Upgrades and Downgrades
Separately, Citigroup boosted their target price on shares of HSBC from GBX 960 ($12.45) to GBX 1,070 ($13.88) and gave the company a “buy” rating in a research report on Thursday, March 6th.
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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