HSBC Holdings plc (LON:HSBA – Get Free Report)’s stock price reached a new 52-week low on Friday . The company traded as low as GBX 13.28 and last traded at GBX 1,330.80, with a volume of 248465813 shares changing hands. The stock had previously closed at GBX 1,338.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. Shore Capital Group reissued a “hold” rating and issued a GBX 1,070 price objective on shares of HSBC in a research report on Friday, January 9th. Citigroup boosted their price objective on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of HSBC from GBX 1,190 to GBX 1,360 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,200.
Check Out Our Latest Report on HSBC
HSBC Price Performance
Insider Activity at HSBC
In other HSBC news, insider Pam Kaur sold 81,967 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Also, insider Georges Elhedery acquired 842,628 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were acquired at an average price of GBX 1,282 per share, with a total value of £10,802,490.96. Insiders have sold 242,798 shares of company stock valued at $308,402,488 in the last ninety days. 0.14% of the stock is currently owned by company insiders.
HSBC Company Profile
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