HSBC (LON:HSBA) Hits New 52-Week High – What’s Next?

Shares of HSBC Holdings plc (LON:HSBA) hit a new 52-week high on Tuesday . The stock traded as high as GBX 950.20 ($12.25) and last traded at GBX 942.50 ($12.15), with a volume of 35757289 shares traded. The stock had previously closed at GBX 913.14 ($11.77).

Wall Street Analyst Weigh In

Separately, Citigroup reissued a “top pick” rating on shares of HSBC in a research note on Thursday, December 12th.

HSBC Price Performance

The business’s 50 day moving average is GBX 840.57 and its 200-day moving average is GBX 746.05. The company has a market cap of £197.41 billion, a PE ratio of 8.50, 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.