HSBC (LON:HSBA) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

HSBC Holdings plc (LON:HSBA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,190.97 and traded as high as GBX 1,359.50. HSBC shares last traded at GBX 1,343.20, with a volume of 14,319,542 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HSBA. Shore Capital Group restated a “hold” rating and issued a GBX 1,070 price target on shares of HSBC in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Citigroup raised their price target on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of HSBC from GBX 1,190 to GBX 1,360 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 1,200.

HSBC Stock Down 0.4%

The stock has a market cap of £230.33 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 5.97 and a beta of 0.56. The company’s 50-day moving average is GBX 1,280.43 and its 200-day moving average is GBX 1,192.38.

Insider Activity

In other HSBC news, insider Georges Elhedery purchased 842,628 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average price of GBX 1,282 per share, with a total value of £10,802,490.96. Also, insider Pam Kaur sold 81,967 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Insiders sold 242,798 shares of company stock valued at $308,402,488 in the last three months. Company insiders own 0.14% of the company’s stock.

About HSBC