Pam Kaur Sells 81,967 Shares of HSBC (LON:HSBA) Stock

HSBC Holdings plc (LON:HSBA) insider Pam Kaur sold 81,967 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60.

HSBC Trading Down 6.6%

Shares of LON HSBA traded down GBX 84.20 during midday trading on Thursday, reaching GBX 1,188.60. The company’s stock had a trading volume of 219,358,078 shares, compared to its average volume of 27,258,385. The company has a market cap of £203.72 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 5.97 and a beta of 0.47. HSBC Holdings plc has a one year low of GBX 698.70 and a one year high of GBX 1,410.60. The company has a 50 day moving average price of GBX 1,263.91 and a 200 day moving average price of GBX 1,125.11.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup raised their price target on HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. increased their target price on shares of HSBC from GBX 1,060 to GBX 1,190 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Shore Capital Group restated a “hold” rating and set a GBX 1,070 target price on shares of HSBC in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on HSBC from GBX 1,050 to GBX 1,200 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, HSBC has a consensus rating of “Hold” and an average target price of GBX 1,144.17.

HSBC Company Profile