HSBC (LON:HSBA) received a GBX 820 ($11.12) price target from research analysts at Goldman Sachs Group in a report issued on Wednesday. The firm currently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s target price suggests a potential upside of 4.01% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Shore Capital reiterated a “sell” rating on shares of HSBC in a research note on Monday, October 30th. 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 objective on shares of HSBC and gave the company a “buy” rating in a research note on Wednesday, December 13th. Royal Bank of Canada set a GBX 750 ($10.17) price objective on shares of HSBC and gave the company a “neutral” rating in a research note on Monday, December 18th. Finally, Credit Suisse Group lowered shares of HSBC to an “underperform” rating and upped their price objective for the company from GBX 630 ($8.54) to GBX 650 ($8.81) in a research note on Tuesday, October 10th. Three investment 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. The company currently has a consensus 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 trading on Wednesday, reaching GBX 788.40 ($10.69). 21,050,000 shares of the company’s stock traded hands, compared to its average volume of 18,780,000. The firm has a market cap of $156,890.00 and a price-to-earnings ratio of 3,942.00. HSBC has a 1 year low of GBX 518.17 ($7.03) and a 1 year high of GBX 798.60 ($10.83).

In other news, insider Iain Mackay acquired 16,980 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost 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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