HSBC Holdings plc (HSBA) PT Set at GBX 845 by Goldman Sachs Group, Inc. (The)

HSBC Holdings plc (LON:HSBA) has been assigned a GBX 845 ($11.11) target price by research analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Monday. The firm currently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s target price suggests a potential upside of 10.69% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Citigroup Inc. restated a “buy” rating and issued a GBX 725 ($9.53) price target on shares of HSBC Holdings plc in a research note on Friday, June 16th. Morgan Stanley set a GBX 850 ($11.18) price target on HSBC Holdings plc and gave the company a “buy” rating in a research note on Monday, July 17th. Jefferies Group LLC started coverage on HSBC Holdings plc in a research note on Monday, September 4th. They issued a “buy” rating and a GBX 920 ($12.10) price target for the company. BNP Paribas set a GBX 825 ($10.85) price objective on HSBC Holdings plc and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Barclays PLC lifted their price objective on HSBC Holdings plc from GBX 650 ($8.55) to GBX 700 ($9.20) and gave the stock an “equal weight” rating in a report on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 712.15 ($9.36).

HSBC Holdings plc (LON HSBA) opened at 763.40 on Monday. The company’s market capitalization is GBX 154.74 billion. HSBC Holdings plc has a 52 week low of GBX 518.17 and a 52 week high of GBX 772.00. The company’s 50-day moving average price is GBX 736.68 and its 200-day moving average price is GBX 704.31.

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In other news, insider Jonathan Symonds purchased 10,000 shares of HSBC Holdings plc stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average price of GBX 766 ($10.07) per share, with a total value of £76,600 ($100,709.97). Also, insider Stuart Thomson Gulliver sold 138,143 shares of HSBC Holdings plc stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.62), for a total transaction of £1,011,206.76 ($1,329,485.62). In the last ninety days, insiders have bought 27,202 shares of company stock worth $20,337,321.

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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