HSBC Holdings plc Stock Price Hits 52-Week High Today

 HSBC Holdings plc Stock Price Hits 52 Week High Today

The stock of HSBC Holdings plc (LON:HSBA) hit a new 52-week high and has GBX 771.39 target or 25.00% above today’s GBX 617.11 share price. The 8 months bullish chart indicates low risk for the GBX 121.63B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 771.39 price target is reached, the company will be worth GBX 30.41B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 1.31% or GBX 8.19 on November 11, hitting GBX 617.11. About 43.87 million shares traded hands or 20.42% up from the average. HSBC Holdings plc (LON:HSBA) has risen 38.65% since April 14, 2016 and is uptrending. It has outperformed by 32.50% the S&P500.

HSBC Holdings plc (LON:HSBA) Ratings Coverage

Out of 26 analysts covering HSBC Holdings PLC (LON:HSBA), 8 rate it a “Buy”, 6 “Sell”, while 12 “Hold”. This means 31% are positive. HSBC Holdings PLC has been the topic of 210 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of HSBC Holdings plc (LON:HSBA) earned “Neutral” rating by Goldman Sachs on Thursday, July 23. The firm earned “Buy” rating on Monday, February 15 by Investec. The firm earned “Neutral” rating on Friday, July 15 by BNP Paribas. Deutsche Bank maintained the stock with “Hold” rating in Friday, April 8 report. The firm has “Buy” rating by Berenberg given on Tuesday, October 20. The stock of HSBC Holdings plc (LON:HSBA) earned “Hold” rating by Deutsche Bank on Tuesday, November 3. Barclays Capital maintained HSBC Holdings plc (LON:HSBA) on Tuesday, July 12 with “Equal Weight” rating. The firm earned “Buy” rating on Friday, October 9 by Citigroup. The stock has “Neutral” rating given by JP Morgan on Monday, October 24. The rating was maintained by Barclays Capital on Friday, March 11 with “Equal Weight”.

HSBC Holdings plc is the banking and financial services company. The company has a market cap of 121.63 billion GBP. The Firm manages its services and products through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It currently has negative earnings. The Firm operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

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