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

Shares of HSBC Holdings plc (LON:HSBA) reached a new 52-week high on Tuesday . The company traded as high as GBX 950.20 ($12.25) and last traded at GBX 942.50 ($12.15), with a volume of 35757289 shares. 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 report on Thursday, December 12th.

HSBC Stock Down 4.8 %

The business’s fifty day simple moving average is GBX 840.57 and its two-hundred day simple moving average is GBX 746.05. The company has a market cap of £197.41 billion, a price-to-earnings ratio of 8.50, a PEG 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.