HSBC (LON:HSBA) Reaches New 12-Month High – What’s Next?

Posted by Steven Smith on Jan 21st, 2025

Shares of HSBC Holdings plc (LON:HSBA – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 828.60 ($10.22) and last traded at GBX 825.30 ($10.18), with a volume of 19507764 shares traded. The stock had previously closed at GBX 826.10 ($10.19).

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a “top pick” rating on shares of HSBC in a research note on Thursday, December 12th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 795 ($9.80).

View Our Latest Stock Analysis on HSBA

HSBC Price Performance

The company’s 50-day moving average is GBX 756.53 and its 200-day moving average is GBX 700.12. The firm has a market capitalization of £150.25 billion, a price-to-earnings ratio of 928.09, a PEG ratio of 5.97 and a beta of 0.52.

HSBC Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a dividend yield of 1.11%. HSBC’s dividend payout ratio is presently 5,393.26%.

Insider Buying and Selling

In other HSBC news, insider Georges Elhedery bought 41,720 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of GBX 718 ($8.85) per share, with a total value of £299,549.60 ($369,358.32). Corporate insiders own 0.32% of the company’s stock.

HSBC Company Profile

(Get Free Report)

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.