HSBC (LON:HSBA) Given a GBX 715 Price Target by The Goldman Sachs Group Analysts

HSBC (LON:HSBAGet Rating) received a GBX 715 ($9.11) price target from The Goldman Sachs Group in a report released on Tuesday, Borsen Zeitung reports. The Goldman Sachs Group’s target price indicates a potential upside of 50.89% from the company’s current price.

A number of other equities research analysts have also commented on HSBA. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 480 ($6.12) price target on shares of HSBC in a research report on Wednesday, February 23rd. Shore Capital lowered HSBC to a “hold” rating in a research report on Friday. Royal Bank of Canada set a GBX 550 ($7.01) price objective on HSBC in a research note on Tuesday, April 5th. Jefferies Financial Group set a GBX 574 ($7.32) price objective on HSBC in a research note on Thursday, April 21st. Finally, Credit Suisse Group set a GBX 530 ($6.76) price objective on HSBC in a research note on Tuesday, April 12th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to, the stock presently has an average rating of “Hold” and an average price target of GBX 563.91 ($7.19).

Shares of LON HSBA traded down GBX 27.75 ($0.35) during trading on Tuesday, reaching GBX 473.85 ($6.04). The company had a trading volume of 39,778,718 shares, compared to its average volume of 30,608,629. The company’s fifty day moving average price is GBX 514.67 and its 200-day moving average price is GBX 480.13. HSBC has a 12 month low of GBX 358.45 ($4.57) and a 12 month high of GBX 567.20 ($7.23). The stock has a market cap of £95.69 billion and a P/E ratio of 9.93.

In other news, insider Ewen Stevenson sold 57,884 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of GBX 488 ($6.22), for a total value of £282,473.92 ($360,022.84).

About HSBC (Get Rating)

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

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