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

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

Analyst Ratings Changes

Separately, Citigroup reiterated a “top pick” rating on shares of HSBC in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 795 ($9.90).

HSBC Stock Down 0.7 %

The firm 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. The firm’s 50 day moving average price is GBX 795.91 and its two-hundred day moving average price is GBX 719.06.

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.