HSBC (LON:HSBA) Insider Purchases £160,023.86 in Stock

HSBC Holdings plc (LON:HSBA) insider Elizabeth Alison Platt bought 12,338 shares of HSBC stock in a transaction dated Thursday, October 29th. The shares were bought at an average cost of GBX 1,297 per share, with a total value of £160,023.86.

HSBC Trading Down 1.4%

LON HSBA opened at GBX 1,274 on Monday. The stock’s fifty day moving average price is GBX 1,465.79 and its 200-day moving average price is GBX 1,384.04. HSBC Holdings plc has a 12 month low of GBX 1,027.80 and a 12 month high of GBX 1,610. The stock has a market cap of £217.94 billion, a P/E ratio of 9.10, a P/E/G ratio of 5.97 and a beta of 0.58.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of HSBC from GBX 1,380 to GBX 1,450 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Royal Bank Of Canada increased their price objective on HSBC from GBX 1,275 to GBX 1,375 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,120 price target on shares of HSBC in a report on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,520 price objective on shares of HSBC in a research report on Wednesday, August 5th. Finally, Citigroup boosted their price objective on shares of HSBC from GBX 1,570 to GBX 1,640 and gave the company a “neutral” rating in a research report on Wednesday, September 23rd. Eight equities research analysts have rated the stock with a Hold rating. According to MarketBeat, HSBC currently has a consensus rating of “Hold” and an average price target of GBX 1,403.

HSBC Company Profile