HSBC (LON:HSBA – Free Report) had its target price hoisted by Citigroup from GBX 960 ($12.37) to GBX 1,070 ($13.79) in a research report report published on Thursday morning, Marketbeat Ratings reports. They currently have a buy rating on the financial services provider’s stock.
HSBC Stock Up 0.2 %
Shares of HSBA stock opened at GBX 883.10 ($11.38) on Thursday. HSBC has a 12-month low of GBX 572.90 ($7.38) and a 12-month high of GBX 950.20 ($12.24). The firm has a market capitalization of £197.16 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The firm has a fifty day moving average of GBX 842.75 and a 200-day moving average of GBX 746.99.
Insider Activity
In other news, insider Georges Elhedery sold 43,451 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of GBX 926 ($11.93), for a total value of £402,356.26 ($518,500.34). 0.32% of the stock is owned by company 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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