Shares of HSBC Holdings plc (LON:HSBA - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 901.60 ($11.37) and last traded at GBX 898.10 ($11.33), with a volume of 25659076 shares. The stock had previously closed at GBX 881.30 ($11.12).
Separately, Citigroup restated 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 issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 795 ($10.03).
View Our Latest Research Report on HSBC
The business has a 50-day simple moving average of GBX 809.33 and a two-hundred day simple moving average of GBX 726.65. The stock has a market capitalization of £199.26 billion, a price-to-earnings ratio of 8.58, a P/E/G ratio of 5.97 and a beta of 0.52.
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.
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