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

HSBC logo with Financial Services background

Key Points

  • HSBC Holdings plc shares reached a new 52-week high at GBX 980.22 ($13.17), with significant trading volume of over 267 million shares.
  • Analysts provide mixed ratings, with two analysts rating the stock as Buy and four as Hold, while the average target price is GBX 969.17.
  • HSBC has a market capitalization of £170.14 billion and is one of the largest banking organizations globally, serving around 39 million customers.
  • MarketBeat previews top five stocks to own in November.

HSBC Holdings plc (LON:HSBA - Get Free Report)'s share price hit a new 52-week high on Friday . The company traded as high as GBX 980.22 ($13.26) and last traded at GBX 979.10 ($13.25), with a volume of 267542313 shares changing hands. The stock had previously closed at GBX 961.40 ($13.01).

Analyst Ratings Changes

A number of research firms have recently weighed in on HSBA. Shore Capital reaffirmed a "hold" rating and set a GBX 980 price objective on shares of HSBC in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 910 price target on shares of HSBC in a research note on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on shares of HSBC from GBX 900 to GBX 950 and gave the company a "sector perform" rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. boosted their price target on HSBC from GBX 870 to GBX 940 and gave the stock a "neutral" rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, HSBC currently has a consensus rating of "Hold" and an average target price of GBX 980.83.

View Our Latest Analysis on HSBA

HSBC Price Performance

The firm has a market cap of £172.63 billion, a PE ratio of 986.93, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The stock's fifty day moving average price is GBX 939.15 and its 200-day moving average price is GBX 884.41.

HSBC Company Profile

(Get Free Report)

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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