HSBC logged a 1.4% change during today's afternoon session, and is now trading at a price of $31.61 per share. The S&P 500 index moved -0.5%. HSBC's trading volume is 1,523,581 compared to the stock's average volume of 2,747,603.
The one analyst following HSBC has given it a rating of strong buy and a target price of $42.4 per share. Now, the company is currently trading -25.46% away from its target price.
Anyone interested in buying HSBC should be aware of the facts below:
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HSBC's current price is 246.4% above its Graham number of $9.12, which implies that at its current valuation it does not offer a margin of safety
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HSBC has moved -2.1% over the last year, and the S&P 500 logged a change of -19.9%
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Based on its trailing earning per share of 2.95, HSBC has a trailing 12 month Price to Earnings (P/E) ratio of 10.7 while the S&P 500 average is 15.97
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HSBC has a forward P/E ratio of 9.3 based on its forward 12 month price to earnings (Eps) of $3.4 per share
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Its Price to Book (P/B) ratio is 15.8 compared to its sector average of 1.95
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HSBC Holdings plc provides banking and financial services worldwide.
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Based in London, the company has 219,697 full time employees and a market cap of $126,219,935,744. HSBC currently returns an annual dividend yield of 0.9%.