HSBC Holdings plc (LON:HSBA - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 778.40 ($9.77) and last traded at GBX 778.40 ($9.77), with a volume of 135445109 shares. The stock had previously closed at GBX 777.10 ($9.75).
Analysts Set New Price Targets
Separately, Citigroup reiterated a "top pick" rating on shares of HSBC in a report on Thursday, December 12th. One 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 an average price target of GBX 795 ($9.97).
View Our Latest Stock Report on HSBC
HSBC Trading Up 0.6 %
The stock has a 50-day simple moving average of GBX 728.72 and a 200 day simple moving average of GBX 689.54. The stock has a market capitalization of £142.19 billion, a price-to-earnings ratio of 878.31, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.
HSBC Dividend Announcement
The business also recently disclosed a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, November 7th were given a dividend of $0.10 per share. This represents a yield of 1.11%. The ex-dividend date of this dividend was Thursday, November 7th. HSBC's payout ratio is presently 5,393.26%.
Insider Buying and Selling at HSBC
In other HSBC news, insider Georges Elhedery purchased 41,720 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were bought at an average price of GBX 718 ($9.01) per share, for a total transaction of £299,549.60 ($375,846.42). Company insiders own 0.32% of the company's stock.
About HSBC
(
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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.
Further Reading
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