HSBC (LON:HSBA) Sets New 12-Month High – Time to Buy?

HSBC Holdings plc (LON:HSBA)’s share price hit a new 52-week high on Monday . The stock traded as high as GBX 1,562.80 and last traded at GBX 1,559.40, with a volume of 219499984 shares trading hands. The stock had previously closed at GBX 1,552.80.

Analyst Ratings Changes

A number of research analysts have commented on HSBA shares. Shore Capital Group raised HSBC to a “hold” rating and increased their target price for the stock from GBX 1,210 to GBX 1,250 in a report on Thursday, May 7th. HSBC reiterated a “hold” rating and issued a GBX 1,450 price target on shares of HSBC in a report on Wednesday, May 6th. Royal Bank Of Canada upped their price target on HSBC from GBX 1,200 to GBX 1,275 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. upgraded HSBC to a “neutral” rating and raised their price objective for the stock from GBX 1,370 to GBX 1,380 in a research note on Tuesday, July 21st. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 1,419 price objective on shares of HSBC in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, HSBC has a consensus rating of “Hold” and a consensus target price of GBX 1,301.75.

HSBC Trading Up 0.5%

The business has a 50-day moving average price of GBX 1,419.45 and a two-hundred day moving average price of GBX 1,326.01. The firm has a market capitalization of £267.68 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 5.97 and a beta of 0.56.

Insider Buying and Selling

In related news, insider Pam Kaur acquired 2,345 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of GBX 1,340 per share, for a total transaction of £31,423. 0.14% of the stock is currently owned by insiders.

HSBC Company Profile