HSBC (LON:HSBA) Sets New 12-Month High - Here's What Happened

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 729.60 ($9.50) and last traded at GBX 724.66 ($9.43), with a volume of 456769406 shares changing hands. The stock had previously closed at GBX 722.40 ($9.40).

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Citigroup reiterated a "buy" rating on shares of HSBC in a report on Monday, September 2nd. Berenberg Bank reissued a "buy" rating and set a GBX 870 ($11.33) price target on shares of HSBC in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, HSBC presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 795 ($10.35).

HSBC Price Performance

The company has a market cap of £131.60 billion, a P/E ratio of 812.90, a P/E/G ratio of 5.97 and a beta of 0.52. The company's 50-day moving average is GBX 676.37 and its two-hundred day moving average is GBX 676.18.

HSBC Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, November 7th will be given a $0.10 dividend. This represents a yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 7th. HSBC's dividend payout ratio (DPR) is presently 5,393.26%.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.