Shares of HSBC Holdings plc (LON:HSBA - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 712.51 ($8.84) and traded as high as GBX 827.30 ($10.26). HSBC shares last traded at GBX 826.50 ($10.25), with a volume of 42,242,879 shares trading hands.
Wall Street Analyst Weigh In
Separately, Citigroup reaffirmed a "top pick" rating on shares of HSBC in a report on Thursday, December 12th. One equities research 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 company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of GBX 795 ($9.86).
View Our Latest Analysis on HSBA
HSBC Stock Performance
The firm's fifty day moving average price is GBX 790.54 and its 200 day moving average price is GBX 715.84. The firm has a market cap of £155.34 billion, a P/E ratio of 959.55, a price-to-earnings-growth 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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