HSBC (LON:HSBA) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

HSBC Holdings plc (LON:HSBA) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,096.56 and traded as high as GBX 1,313.60. HSBC shares last traded at GBX 1,294.29, with a volume of 9,460,771 shares trading hands.

Analysts Set New Price Targets

HSBA has been the topic of a number of research reports. Royal Bank Of Canada raised their price target on HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. 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. JPMorgan Chase & Co. boosted their price objective on shares of HSBC from GBX 1,060 to GBX 1,190 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Shore Capital Group restated a “hold” rating and issued a GBX 1,070 target price on shares of HSBC in a research note on Friday, January 9th. Finally, Citigroup lifted their target price on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a report on Friday, January 9th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, HSBC presently has an average rating of “Hold” and an average target price of GBX 1,144.17.

HSBC Stock Performance

The company has a market capitalization of £219.59 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The firm’s 50-day simple moving average is GBX 1,229.91 and its 200 day simple moving average is GBX 1,096.56.

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