HSBC Holdings plc (HSBA) Given a GBX 815 Price Target at Goldman Sachs Group, Inc. (The)

HSBC Holdings plc (LON:HSBA) has been assigned a GBX 815 ($10.72) price target by research analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s target price indicates a potential upside of 11.29% from the company’s previous close.

A number of other research firms have also recently issued reports on HSBA. Royal Bank Of Canada set a GBX 720 ($9.47) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Friday, November 3rd. UBS AG set a GBX 725 ($9.54) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Monday, October 30th. Barclays PLC reissued an “equal weight” rating and set a GBX 700 ($9.21) target price on shares of HSBC Holdings plc in a research note on Tuesday, October 31st. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 690 ($9.08) target price on shares of HSBC Holdings plc in a research note on Tuesday, October 31st. Finally, Deutsche Bank AG lowered their target price on HSBC Holdings plc from GBX 737 ($9.69) to GBX 700 ($9.21) and set a “hold” rating for the company in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 723.72 ($9.52).

Shares of HSBC Holdings plc (LON HSBA) opened at GBX 732.30 ($9.63) on Wednesday. HSBC Holdings plc has a 52 week low of GBX 518.17 ($6.82) and a 52 week high of GBX 772 ($10.15).

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In other HSBC Holdings plc news, insider Marc Moses purchased 17,083 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average price of GBX 737 ($9.69) per share, for a total transaction of £125,901.71 ($165,594.78). Also, insider Stuart Thomson Gulliver sold 138,143 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.63), for a total value of £1,011,206.76 ($1,330,010.21). In the last three months, insiders bought 17,182 shares of company stock valued at $12,662,261.

HSBC Holdings plc Company Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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