Shares of HSBC Holdings plc (LON:HSBA – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 901.60 ($11.37) and last traded at GBX 898.10 ($11.33), with a volume of 25659076 shares trading hands. The stock had previously closed at GBX 881.30 ($11.12).
Wall Street Analyst Weigh In
Separately, Citigroup reaffirmed a “top pick” rating on shares of HSBC in a research note on Thursday, December 12th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, HSBC currently has a consensus rating of “Buy” and a consensus target price of GBX 795 ($10.03).
Read Our Latest Stock Analysis on HSBA
HSBC Stock Down 0.6 %
About HSBC
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.
Recommended Stories
- Five stocks we like better than HSBC
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Affirm Hits Profitability—Here’s What Investors Should Watch
- Retail Stocks Investing, Explained
- There’s Room to Chase These 3 Stocks Trading Near 52-Week Highs
- Following Congress Stock Trades
- 3 Stocks With Robust Growth Outlooks Insiders Are Buying
Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.
