HSBC (LON:HSBA) Insider Georges Elhedery Sells 94,749 Shares

HSBC Holdings plc (LON:HSBA) insider Georges Elhedery sold 94,749 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total value of £1,212,787.20.

Georges Elhedery also recently made the following trade(s):

• On Monday, March 9th, Georges Elhedery acquired 842,628 shares of HSBC stock. The shares were bought at an average cost of GBX 1,282 per share, for a total transaction of £10,802,490.96.
• On Monday, March 9th, Georges Elhedery sold 66,082 shares of HSBC stock. The shares were sold at an average price of GBX 1,244, for a total value of £822,060.08.

HSBC Stock Down 6.3%

Shares of HSBA opened at GBX 1,192.40 on Friday. HSBC Holdings plc has a twelve month low of GBX 698.70 and a twelve month high of GBX 1,410.60. The stock has a market cap of £204.38 billion, a PE ratio of 9.94, a P/E/G ratio of 5.97 and a beta of 0.47. The business’s 50-day moving average price is GBX 1,264.28 and its 200-day moving average price is GBX 1,125.57.

Wall Street Analysts Forecast Growth

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

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