Goldman Sachs Group Reiterates GBX 820 Price Target for HSBC (HSBA)
HSBC (LON:HSBA) has been assigned a GBX 820 ($11.12) price target by Goldman Sachs Group in a research note issued on Wednesday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s target price would indicate a potential upside of 3.85% from the stock’s current price.
A number of other equities analysts have also issued reports 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 research report on Monday. Royal Bank of Canada set a GBX 750 ($10.17) target price on shares of HSBC and gave the stock a “neutral” rating in a research report on Monday, December 18th. Jefferies Group reiterated a “buy” rating on shares of HSBC in a research note on Monday, December 18th. Morgan Stanley set a GBX 850 ($11.53) price target on shares of HSBC and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Citigroup reiterated a “buy” rating on shares of HSBC in a research note on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. HSBC presently has an average rating of “Hold” and an average price target of GBX 748.67 ($10.15).
Shares of HSBC (LON:HSBA) traded down GBX 3.40 ($0.05) during mid-day trading on Wednesday, reaching GBX 789.60 ($10.71). 10,603,978 shares of the company were exchanged, compared to its average volume of 18,810,000. HSBC has a fifty-two week low of GBX 518.17 ($7.03) and a fifty-two week high of GBX 798.60 ($10.83). The company has a market capitalization of $157,700.00 and a price-to-earnings ratio of 3,948.00.
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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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