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.
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.
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