HSBC (LON:HSBA) Hits New 1-Year High – What’s Next?

HSBC Holdings plc (LON:HSBA) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 778.40 ($9.79) and last traded at GBX 778.40 ($9.79), with a volume of 135445109 shares. The stock had previously closed at GBX 777.10 ($9.78).

Analysts Set New Price Targets

Separately, Citigroup reissued a “top pick” rating on shares of HSBC in a report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, HSBC presently has a consensus rating of “Buy” and a consensus price target of GBX 795 ($10.00).

HSBC Stock Up 0.1 %

The business’s 50 day moving average is GBX 726.54 and its two-hundred day moving average is GBX 688.87. The firm has a market capitalization of £141.56 billion, a P/E ratio of 874.44, a PEG ratio of 5.97 and a beta of 0.52.

HSBC Announces Dividend

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

Insider Activity at HSBC

In related news, insider Georges Elhedery purchased 41,720 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of GBX 718 ($9.03) per share, with a total value of £299,549.60 ($376,839.35). Company insiders own 0.32% of the company’s stock.

HSBC Company Profile

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.