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

Posted by Trevor Kearing on Jan 15th, 2025

HSBC Holdings plc (LON:HSBA – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 804.60 ($9.82) and last traded at GBX 804.40 ($9.82), with a volume of 182777453 shares. The stock had previously closed at GBX 799.20 ($9.76).

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “top pick” rating on shares of HSBC in a report on Thursday, December 12th. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 795 ($9.71).

Read Our Latest Stock Report on HSBC

HSBC Price Performance

The firm has a market capitalization of £146.47 billion, a P/E ratio of 904.72, a PEG ratio of 5.97 and a beta of 0.52. The company has a fifty day moving average of GBX 750.60 and a 200 day moving average of GBX 697.43.

HSBC Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, November 7th were paid a $0.10 dividend. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, November 7th. HSBC’s dividend payout ratio is currently 5,393.26%.

Insider Buying and Selling

In other HSBC news, insider Georges Elhedery bought 41,720 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of GBX 718 ($8.77) per share, for a total transaction of £299,549.60 ($365,705.77). 0.32% of the stock is owned by insiders.

About HSBC

(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.