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

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

Several other brokerages have also recently weighed in on HSBA. UBS Group set a GBX 725 ($9.83) price target on HSBC and gave the company a neutral rating in a research report on Monday, January 15th. Morgan Stanley set a GBX 850 ($11.53) target price on HSBC and gave the stock a buy rating in a research report on Wednesday, December 13th. Credit Suisse Group cut HSBC to an underperform rating and boosted their target price for the stock from GBX 630 ($8.54) to GBX 650 ($8.81) in a research report on Tuesday, October 10th. Royal Bank of Canada set a GBX 750 ($10.17) target price on HSBC and gave the stock a neutral rating in a research report on Monday, December 18th. Finally, Jefferies Group restated a buy rating on shares of HSBC in a research report on Monday, December 18th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 748.67 ($10.15).

HSBC (LON:HSBA) opened at GBX 788.40 ($10.69) on Wednesday. The firm has a market capitalization of $156,890.00 and a price-to-earnings ratio of 3,942.00. HSBC has a 52-week low of GBX 518.17 ($7.03) and a 52-week high of GBX 798.60 ($10.83).

In other news, insider Iain Mackay purchased 16,980 shares of the company’s stock in a transaction on Monday, November 13th. The stock was purchased 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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About HSBC

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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