Shares of HSBC Holdings plc (LON:HSBA - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as GBX 850.75 ($10.51) and last traded at GBX 849 ($10.49), with a volume of 266572344 shares traded. The stock had previously closed at GBX 848 ($10.48).
Wall Street Analyst Weigh In
Separately, Citigroup restated a "top pick" rating on shares of HSBC in a research report 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 795 ($9.82).
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HSBC Price Performance
The firm has a 50-day moving average price of GBX 793.22 and a two-hundred day moving average price of GBX 717.60. The company has a market capitalization of £158.73 billion, a price-to-earnings ratio of 980.49, a PEG ratio of 5.97 and a beta of 0.52.
HSBC Company Profile
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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.
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