HSBC (LON:HSBA) Sets New 12-Month High – Still a Buy?

Posted by Lisa Pomrenke on Jan 23rd, 2025

Shares of HSBC Holdings plc (LON:HSBA – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 828.60 ($10.20) and last traded at GBX 825.30 ($10.16), with a volume of 19507764 shares trading hands. The stock had previously closed at GBX 826.10 ($10.17).

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “top pick” rating on shares of HSBC in a report on Thursday, December 12th. One 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 795 ($9.79).

View Our Latest Report on HSBA

HSBC Price Performance

The firm’s 50-day moving average price is GBX 760.76 and its 200-day moving average price is GBX 702.03. The stock has a market cap of £149.92 billion, a P/E ratio of 926.07, a PEG ratio of 5.97 and a beta of 0.52.

HSBC Dividend Announcement

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

Insider Activity

In other HSBC news, insider Georges Elhedery bought 41,720 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of GBX 718 ($8.84) per share, with a total value of £299,549.60 ($368,767.20). Company insiders own 0.32% of the company’s stock.

About HSBC

(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.