HSBC’s (HSBA) Buy Rating Reiterated at Bank of America

Bank of America reiterated their buy rating on shares of HSBC (LON:HSBA) in a research note released on Tuesday, MarketBeat Ratings reports. They currently have a GBX 1,035 ($13.40) target price on the financial services provider’s stock.

Separately, Citigroup lifted their price target on shares of HSBC from GBX 960 ($12.43) to GBX 1,070 ($13.85) and gave the company a “buy” rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 918.75 ($11.89).

HSBC Trading Down 0.4 %

Shares of HSBA opened at GBX 892.50 ($11.55) on Tuesday. The firm has a market cap of £199.26 billion, a P/E ratio of 8.58, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a 12 month low of GBX 610.89 ($7.91) and a 12 month high of GBX 950.20 ($12.30). The stock’s 50 day moving average is GBX 868.27 and its two-hundred day moving average is GBX 769.09.

Insider Transactions at HSBC

In other HSBC news, insider Pam Kaur sold 45,267 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of GBX 861 ($11.15), for a total value of £389,748.87 ($504,594.60). Also, insider Georges Elhedery sold 43,451 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of GBX 926 ($11.99), for a total value of £402,356.26 ($520,916.96). Corporate insiders own 0.32% of the company’s stock.

About HSBC

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.