HSBC (LON:HSBA) Hits New 12-Month High – Should You Buy?

HSBC Holdings plc (LON:HSBA)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 1,305 and last traded at GBX 1,305, with a volume of 30957262 shares trading hands. The stock had previously closed at GBX 1,282.53.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Shore Capital reiterated a “hold” rating and issued a GBX 1,070 target price on shares of HSBC in a report on Friday, January 9th. JPMorgan Chase & Co. upped their price objective on shares of HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Citigroup lifted their target price on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada increased their price objective on HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 1,122.50.

HSBC Trading Down 0.6%

The business’s fifty day moving average price is GBX 1,168.87 and its two-hundred day moving average price is GBX 1,060.31. The firm has a market cap of £222.64 billion, a P/E ratio of 13.65, a P/E/G ratio of 5.97 and a beta of 0.52.

HSBC Company Profile