HSBC (LON:HSBA) Sets New 12-Month High – Here’s What Happened

HSBC Holdings plc (LON:HSBA)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 882.35 ($10.98) and last traded at GBX 878.84 ($10.94), with a volume of 20156455 shares changing hands. The stock had previously closed at GBX 875.60 ($10.90).

Analyst Ratings Changes

Separately, Citigroup restated a “top pick” rating on shares of HSBC in a report on Thursday, December 12th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 795 ($9.90).

HSBC Stock Down 0.7 %

The business’s fifty day moving average is GBX 795.91 and its 200-day moving average is GBX 719.06. The stock has a market capitalization of £159.25 billion, a PE ratio of 983.71, a P/E/G ratio of 5.97 and a beta of 0.52.

HSBC Company Profile

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.