HSBC (LON:HSBA) Reaches New 52-Week High – Still a Buy?

Posted by Doug Madison on Jan 21st, 2025

HSBC Holdings plc (LON:HSBA – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 828.60 ($10.22) and last traded at GBX 825.30 ($10.18), with a volume of 19507764 shares traded. The stock had previously closed at GBX 826.10 ($10.19).

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “top pick” rating on shares of HSBC in a research report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 795 ($9.80).

Get Our Latest Stock Report on HSBA

HSBC Stock Up 0.1 %

The stock has a fifty day moving average price of GBX 756.53 and a 200-day moving average price of GBX 700.12. The firm has a market cap of £150.25 billion, a price-to-earnings ratio of 928.09, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.

HSBC Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Georges Elhedery acquired 41,720 shares of HSBC stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of GBX 718 ($8.85) per share, with a total value of £299,549.60 ($369,358.32). 0.32% of the stock is currently owned by company 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.