HSBC (LON:HSBA) has been assigned a GBX 905 ($11.83) price objective by equities researchers at Goldman Sachs Group in a research report issued on Monday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Goldman Sachs Group’s price objective points to a potential upside of 48.26% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Societe Generale reaffirmed a “hold” rating on shares of HSBC in a research report on Tuesday, September 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 691 ($9.03) price target on shares of HSBC in a research report on Monday, October 14th. UBS Group reaffirmed a “neutral” rating and set a GBX 633 ($8.27) price target on shares of HSBC in a research report on Monday, August 5th. Credit Suisse Group set a GBX 680 ($8.89) price target on HSBC and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada set a GBX 580 ($7.58) price target on HSBC and gave the stock a “sell” rating in a research report on Monday, October 7th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 643.07 ($8.40).

Shares of LON:HSBA opened at GBX 610.40 ($7.98) on Monday. The company has a market capitalization of $123.55 billion and a price-to-earnings ratio of 8.83. HSBC has a 52 week low of GBX 6.30 ($0.08) and a 52 week high of GBX 687.70 ($8.99). The firm has a 50 day moving average of GBX 608.57 and a 200 day moving average of GBX 639.25.

In other news, insider Marc Moses bought 21,465 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of GBX 586 ($7.66) per share, with a total value of £125,784.90 ($164,360.25).

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Analyst Recommendations for HSBC (LON:HSBA)

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