HSBC (LON:HSBA) Hits New 1-Year High – Still a Buy?

HSBC Holdings plc (LON:HSBA)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 1,365.20 and last traded at GBX 1,365.20, with a volume of 270974875 shares changing hands. The stock had previously closed at GBX 1,291.40.

Analyst Upgrades and Downgrades

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

HSBC Stock Up 5.8%

The company’s fifty day moving average price is GBX 1,233.53 and its 200-day moving average price is GBX 1,099.06. The stock has a market capitalization of £234.59 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.

HSBC Company Profile