HSBC (LON:HSBA) Sets New 1-Year High – Should You Buy?

HSBC Holdings plc (LON:HSBAGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 950.20 ($12.08) and last traded at GBX 942.50 ($11.98), with a volume of 35757289 shares changing hands. The stock had previously closed at GBX 913.14 ($11.60).

Analyst Ratings Changes

Separately, Citigroup reissued a “top pick” rating on shares of HSBC in a report on Thursday, December 12th.

Get Our Latest Analysis on HSBA

HSBC Trading Down 1.0 %

The company has a market capitalization of £208.37 billion, a P/E ratio of 8.98, a PEG ratio of 5.97 and a beta of 0.52. The stock has a 50 day moving average price of GBX 834.55 and a 200 day moving average price of GBX 742.12.

HSBC Company Profile

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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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