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.
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