HSBC Holdings plc (LON:HSBA – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 1,562.80 and last traded at GBX 1,559.40, with a volume of 219499984 shares changing hands. The stock had previously closed at GBX 1,552.80.
Analysts Set New Price Targets
A number of research analysts have recently commented on HSBA shares. Shore Capital Group raised shares of HSBC to a “hold” rating and boosted their target price for the stock from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised shares of HSBC to a “neutral” rating and raised their price target for the company from GBX 1,370 to GBX 1,380 in a report on Tuesday, July 21st. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,120 price target on shares of HSBC in a research note on Tuesday, May 5th. UBS Group reiterated a “neutral” rating and issued a GBX 1,419 price objective on shares of HSBC in a report on Tuesday, May 5th. Finally, HSBC reissued a “hold” rating and issued a GBX 1,450 price objective on shares of HSBC in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 1,301.75.
Read Our Latest Stock Analysis on HSBA
HSBC Price Performance
Insider Buying and Selling
In related news, insider Pam Kaur acquired 2,345 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of GBX 1,340 per share, with a total value of £31,423. 0.14% of the stock is owned by company insiders.
HSBC Company Profile
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