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).
COPYRIGHT VIOLATION WARNING: This news story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/21/hsbc-hsba-given-a-gbx-820-price-target-by-goldman-sachs-group-analysts.html.
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.
Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.