HSBC Holdings plc (LON:HSBA) shares were down 0% during trading on Friday . The company traded as low as GBX 788.20 ($10.69) and last traded at GBX 791.70 ($10.74). Approximately 24,069,047 shares traded hands during trading, an increase of 21% from the average daily volume of 19,940,000 shares. The stock had previously closed at GBX 791.70 ($10.74).
A number of analysts recently issued reports on HSBA shares. Shore Capital reissued a “sell” rating on shares of HSBC in a research report on Monday, October 30th. Morgan Stanley set a GBX 850 ($11.53) target price on shares of HSBC and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Jefferies Group reissued a “buy” rating on shares of HSBC in a research report on Monday, December 18th. Credit Suisse Group downgraded shares of HSBC to an “underperform” rating and increased their target price for the stock from GBX 630 ($8.54) to GBX 650 ($8.81) in a research report on Tuesday, October 10th. Finally, Citigroup reissued a “buy” rating on shares of HSBC in a research report on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 748.33 ($10.15).
The stock has a market capitalization of $157,930.00 and a price-to-earnings ratio of 3,958.50.
In related news, insider Iain Mackay purchased 16,980 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was purchased at an average price of GBX 741 ($10.05) per share, for a total transaction of £125,821.80 ($170,628.97).
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HSBC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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