November 25, 2016 - By Ellis Scott
They currently have a GBX 685.00 target on HSBC Holdings PLC (LON:HSBA). Goldman Sachs’s target would suggest a potential upside of 7.00% from the company’s last stock price. This was revealed in an analyst note on 25 November.
Out of 26 analysts covering HSBC Holdings PLC (LON:HSBA), 8 rate it a “Buy”, 5 “Sell”, while 13 “Hold”. This means 31% are positive. GBX 750 is the highest target while GBX 6.5 is the lowest. The GBX 547.69 average target is -14.54% below today’s (GBX 640.9) stock price. HSBC Holdings PLC has been the topic of 218 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained HSBC Holdings plc (LON:HSBA) rating on Thursday, November 24. Deutsche Bank has “Hold” rating and GBX 579 price target. Maybank Kim Eng maintained it with “Buy” rating and GBX 724.27 target price in Friday, October 2 report. Deutsche Bank maintained it with “Hold” rating and GBX 585 target price in Wednesday, October 26 report. The firm earned “Hold” rating on Monday, October 5 by Deutsche Bank. The stock of HSBC Holdings plc (LON:HSBA) has “Buy” rating given on Thursday, August 4 by Beaufort Securities. Deutsche Bank maintained it with “Hold” rating and GBX 574 target price in Thursday, July 23 report. The firm has “Market Perform” rating given on Wednesday, March 16 by Wood. Deutsche Bank maintained the stock with “Hold” rating in Thursday, October 13 report. Societe Generale maintained it with “Buy” rating and GBX 630 target price in Monday, March 7 report. The firm has “Neutral” rating given on Monday, August 3 by Nomura.
About 3.32 million shares traded hands. HSBC Holdings plc (LON:HSBA) has risen 36.99% since April 28, 2016 and is uptrending. It has outperformed by 31.58% the S&P500.
HSBC Holdings plc is the banking and financial services company. The company has a market cap of 126.98 billion GBP. The Firm manages its services and products through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It currently has negative earnings. The Firm operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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By Ellis Scott