HSBC (LON:HSBA) Reaches New 1-Year High - Here's Why

HSBC Holdings plc (LON:HSBA - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 1,181 and last traded at GBX 1,180.80, with a volume of 119800289 shares trading hands. The stock had previously closed at GBX 1,166.Analyst Upgrades and DowngradesA number of equities analysts have weighed in on HSBA shares. Royal Bank Of Canada increased their target price on shares of HSBC from GBX 950 to GBX 1,050 and gave the stock a "sector perform" rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of HSBC from GBX 1,010 to GBX 1,060 and gave the company a "neutral" rating in a research note on Tuesday, December 2nd. Citigroup increased their price objective on HSBC from GBX 1,160 to GBX 1,240 and gave the stock a "buy" rating in a research report on Wednesday, October 29th. Finally, Shore Capital restated a "hold" rating and issued a GBX 1,070 target price on shares of HSBC in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of GBX 1,060.83.Check Out Our Latest Report on HSBAHSBC Trading Up 1.3%The company has a market cap of £202.70 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The company's fifty day moving average is GBX 1,085.52 and its 200 day moving average is GBX 1,001.13. About HSBC (Get Free Report)Featured ArticlesFive stocks we like better than HSBCBombshell Exposé on China StrikesALERT: Drop these 5 stocks before January 2026!Wall Street Stockpicker Names #1 Stock of 2026Chilling warning from legendary investorTrump’s new AI budget just passed — one stock could soarThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in HSBC Right Now?Before you consider HSBC, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HSBC wasn't on the list.While HSBC currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here