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

Shares of HSBC Holdings plc (LON:HSBA) hit a new 52-week high on Wednesday . The stock traded as high as GBX 901.60 ($11.42) and last traded at GBX 898.10 ($11.38), with a volume of 25659076 shares traded. The stock had previously closed at GBX 881.30 ($11.17).

Analyst Ratings Changes

Separately, Citigroup reiterated a “top pick” rating on shares of HSBC in a research report on Thursday, December 12th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 795 ($10.07).

HSBC Trading Up 0.5 %

The company has a fifty day moving average of GBX 814.65 and a 200-day moving average of GBX 729.29. The stock has a market cap of £197.45 billion, a PE ratio of 8.51, 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.