HSBC (LON:HSBA) Sets New 12-Month High – What’s Next?

Posted by Chris Copeland on Dec 23rd, 2024

HSBC Holdings plc (LON:HSBA – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 770 ($9.68) and last traded at GBX 763.80 ($9.60), with a volume of 2147000000 shares. The stock had previously closed at GBX 764.40 ($9.61).

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a “top pick” rating on shares of HSBC in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 795 ($9.99).

Read Our Latest Stock Analysis on HSBA

HSBC Stock Performance

The firm has a market capitalization of £139.15 billion, a price-to-earnings ratio of 859.55, a PEG ratio of 5.97 and a beta of 0.52. The firm has a fifty day moving average price of GBX 716.57 and a 200 day moving average price of GBX 686.08.

HSBC Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, November 7th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, November 7th. This represents a dividend yield of 1.11%. HSBC’s payout ratio is currently 5,393.26%.

Insider Activity

In other news, insider Georges Elhedery bought 41,720 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of GBX 718 ($9.02) per share, for a total transaction of £299,549.60 ($376,507.79). Insiders own 0.32% of the company’s stock.

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.