HSBC Holdings plc (LON:HSBA) has been given a GBX 685 ($8.56) target price by Goldman Sachs Group Inc. in a note issued to investors on Monday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 7.27% from the company’s current price.

Several other brokerages have also weighed in on HSBA. BNP Paribas reiterated a “neutral” rating and set a GBX 630 ($7.87) target price on shares of HSBC Holdings plc in a research report on Friday, November 18th. Macquarie restated a “neutral” rating and issued a GBX 560 ($7.00) price target on shares of HSBC Holdings plc in a research report on Thursday, November 17th. Natixis restated a “neutral” rating and issued a GBX 672 ($8.40) price target (up from GBX 478 ($5.97)) on shares of HSBC Holdings plc in a research report on Thursday, November 17th. Deutsche Bank AG boosted their price target on shares of HSBC Holdings plc from GBX 525 ($6.56) to GBX 585 ($7.31) and gave the company a “hold” rating in a research report on Wednesday, October 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of HSBC Holdings plc from GBX 520 ($6.50) to GBX 560 ($7.00) and gave the company a “neutral” rating in a research report on Monday, October 24th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. HSBC Holdings plc has a consensus rating of “Hold” and a consensus target price of GBX 561.14 ($7.01).

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

Shares of HSBC Holdings plc (LON:HSBA) opened at 638.60 on Monday. The company’s 50-day moving average is GBX 618.98 and its 200-day moving average is GBX 528.06. The company’s market capitalization is GBX 43.42 billion. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 643.80.

The firm also recently announced a dividend, which will be paid on Tuesday, December 6th. Investors of record on Thursday, October 20th will be issued a dividend of GBX 0.10 ($0.00) per share. This represents a yield of 1.32%. The ex-dividend date is Thursday, October 20th.

In other news, insider Marc Moses purchased 20,305 shares of the company’s stock in a transaction on Monday, November 14th. The shares were purchased at an average cost of GBX 620 ($7.75) per share, with a total value of £125,891 ($157,285.11). Also, insider Evans,Lord purchased 1,754 shares of the company’s stock in a transaction on Wednesday, August 31st. The shares were purchased at an average cost of GBX 566 ($7.07) per share, for a total transaction of £9,927.64 ($12,403.35).

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HSBC Holdings plc Company Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services 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).

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