HSBC (LON:HSBA) Insider Pam Kaur Sells 81,967 Shares of Stock

HSBC Holdings plc (LON:HSBA) insider Pam Kaur sold 81,967 shares of HSBC 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.

HSBC Price Performance

HSBA opened at GBX 1,192.40 on Friday. The firm has a fifty day moving average price of GBX 1,264.28 and a 200 day moving average price of GBX 1,125.57. HSBC Holdings plc has a 1 year low of GBX 698.70 and a 1 year high of GBX 1,410.60. The stock has a market cap of £204.38 billion, a P/E ratio of 9.94, a P/E/G ratio of 5.97 and a beta of 0.47.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Shore Capital Group reissued a “hold” rating and set a GBX 1,070 target price on shares of HSBC in a research note on Friday, January 9th. JPMorgan Chase & Co. lifted their price target 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. 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 report on Friday, January 23rd. Finally, Citigroup increased their price target 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. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 1,144.17.

HSBC Company Profile