HSBC (LON:HSBA) Sets New 12-Month Low – What’s Next?

HSBC Holdings plc (LON:HSBAGet 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

The firm’s 50-day moving average is GBX 1,275.22 and its 200 day moving average is GBX 1,183.38. The stock has a market cap of £228.22 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 5.97 and a beta of 0.56.

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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