HSBC (HSBA) Given a GBX 820 Price Target by Goldman Sachs Group Analysts

Goldman Sachs Group set a GBX 820 ($11.12) price objective on HSBC (LON:HSBA) in a research note published on Wednesday. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other research analysts also recently commented on the stock. UBS Group set a GBX 725 ($9.83) target price on shares of HSBC and gave the stock a neutral rating in a report on Thursday, January 4th. Morgan Stanley reiterated an overweight rating and issued a GBX 850 ($11.53) target price on shares of HSBC in a report on Friday, September 29th. BNP Paribas set a GBX 825 ($11.19) target price on shares of HSBC and gave the stock a buy rating in a report on Thursday, October 5th. Credit Suisse Group reiterated an underperform rating and issued a GBX 650 ($8.81) target price on shares of HSBC in a report on Friday, November 3rd. Finally, Deutsche Bank reiterated a hold rating and issued a GBX 737 ($9.99) target price on shares of HSBC in a report on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 748.67 ($10.15).

HSBC (LON:HSBA) traded up GBX 0.10 ($0.00) during mid-day trading on Wednesday, hitting GBX 788.40 ($10.69). 26,655,353 shares of the company traded hands, compared to its average volume of 18,780,000. HSBC has a 1-year low of GBX 518.17 ($7.03) and a 1-year high of GBX 798.60 ($10.83). The firm has a market cap of $156,890.00 and a price-to-earnings ratio of 3,942.00.

In other HSBC news, insider Iain Mackay bought 16,980 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of GBX 741 ($10.05) per share, with a total value of £125,821.80 ($170,628.97).

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HSBC 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 (LON:HSBA)

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