HSBC (LON:HSBA) Hits New 1-Year High – Should You Buy?

HSBC Holdings plc (LON:HSBA)’s stock price reached a new 52-week high during trading 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 changing hands. The stock had previously closed at GBX 881.30 ($11.17).

Analyst Ratings Changes

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 given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 795 ($10.07).

HSBC Stock Performance

The firm’s 50 day moving average price is GBX 814.65 and its two-hundred day moving average price is GBX 729.29. The firm has a market cap of £197.45 billion, a PE ratio of 8.51, a PEG 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.