HSBC (LON:HSBA) Given a GBX 710 Price Target by The Goldman Sachs Group Analysts

The Goldman Sachs Group set a GBX 710 ($8.70) price objective on HSBC (LON:HSBAGet Rating) in a report released on Tuesday morning, Borsen Zeitung reports.

A number of other research firms have also recently commented on HSBA. Jefferies Financial Group set a GBX 574 ($7.03) price target on shares of HSBC in a report on Wednesday, April 27th. Royal Bank of Canada upped their price target on shares of HSBC from GBX 550 ($6.74) to GBX 590 ($7.23) and gave the stock an outperform rating in a report on Thursday, May 5th. JPMorgan Chase & Co. upped their price target on shares of HSBC from GBX 540 ($6.61) to GBX 550 ($6.74) and gave the stock a neutral rating in a report on Thursday, May 19th. Deutsche Bank Rese… set a GBX 570 ($6.98) price target on shares of HSBC in a report on Monday, May 30th. Finally, UBS Group set a GBX 640 ($7.84) price target on shares of HSBC in a report on Tuesday, May 3rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of GBX 590.73 ($7.24).

HSBA stock opened at GBX 526.60 ($6.45) on Tuesday. HSBC has a twelve month low of GBX 358.45 ($4.39) and a twelve month high of GBX 567.20 ($6.95). The stock has a market capitalization of £105.84 billion and a price-to-earnings ratio of 11.30. The firm’s fifty day simple moving average is GBX 513.62 and its two-hundred day simple moving average is GBX 505.23.

In other HSBC news, insider Carolyn Fairbairn bought 15,000 shares of the company’s stock in a transaction on Tuesday, May 17th. The shares were bought at an average cost of GBX 501 ($6.14) per share, for a total transaction of £75,150 ($92,050.47).

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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