HSBC (LON:HSBA) Hits New 12-Month High – Here’s What Happened

Shares of HSBC Holdings plc (LON:HSBA) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 1,322.60 and last traded at GBX 1,322, with a volume of 283299906 shares. The stock had previously closed at GBX 1,305.40.

Wall Street Analyst Weigh In

HSBA has been the subject of several research reports. Shore Capital Group reiterated a “hold” rating and issued a GBX 1,070 target price on shares of HSBC in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a research note on Friday, January 23rd. Citigroup increased their target price on HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. lifted their target price on HSBC from GBX 1,060 to GBX 1,190 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada boosted their price target on shares of HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, HSBC currently has an average rating of “Hold” and a consensus target price of GBX 1,144.17.

HSBC Stock Up 0.5%

The stock has a market capitalization of £225.11 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The stock has a fifty day moving average of GBX 1,201.24 and a 200-day moving average of GBX 1,076.71.

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