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

HSBC Holdings plc (LON:HSBA) reached a new 52-week high on Tuesday . The stock traded as high as GBX 1,181 and last traded at GBX 1,180.80, with a volume of 119800289 shares trading hands. The stock had previously closed at GBX 1,166.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank Of Canada raised their price target on shares of HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Citigroup increased their price objective on shares of HSBC from GBX 1,160 to GBX 1,240 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price 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. Finally, Shore Capital reaffirmed a “hold” rating and set a GBX 1,070 price target on shares of HSBC in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 1,060.83.

HSBC Stock Down 0.2%

The business’s 50 day moving average price is GBX 1,092.94 and its 200-day moving average price is GBX 1,004.50. The company has a market cap of £201.49 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.

HSBC Company Profile