HSBC Holdings plc (LON:HSBA – Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,370.15 and traded as high as GBX 1,530. HSBC shares last traded at GBX 1,519.87, with a volume of 14,260,609 shares traded.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on HSBA. HSBC reissued a “hold” rating and set a GBX 1,450 price target on shares of HSBC in a report on Wednesday, May 6th. Shore Capital Group raised HSBC to a “hold” rating and increased their price objective for the stock from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,120 price objective on shares of HSBC in a research report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their target price on HSBC from GBX 1,380 to GBX 1,450 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, UBS Group restated a “neutral” rating and set a GBX 1,419 price target on shares of HSBC in a research note on Tuesday, May 5th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, HSBC currently has an average rating of “Hold” and a consensus target price of GBX 1,394.25.
View Our Latest Research Report on HSBA
HSBC Stock Up 0.5%
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