HSBC (LON:HSBA) Share Price Breaks Above 200 Day Moving Average – Should You Sell?

HSBC Holdings plc (LON:HSBA)’s stock price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 1,416.06 and traded as high as GBX 1,521.80. HSBC shares last traded at GBX 1,497.60, with a volume of 2,147,000,000 shares changing hands.

Wall Street Analyst Weigh In

HSBA has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on HSBC from GBX 1,275 to GBX 1,375 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,120 price objective on shares of HSBC in a research note on Tuesday, August 4th. 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 report on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,520 target price on shares of HSBC in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of HSBC from GBX 1,380 to GBX 1,450 and gave the stock a “neutral” rating in a report on Friday, August 7th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 1,403.

HSBC Trading Up 0.4%

The company has a fifty day moving average price of GBX 1,531.95 and a two-hundred day moving average price of GBX 1,417.85. The firm has a market cap of £247.06 billion, a P/E ratio of 10.30, a PEG ratio of 5.97 and a beta of 0.58.

HSBC Company Profile