HSBC Holdings is one of the major financial conglomerates of the world and the largest bank of Great Britain in terms of assets and market capitalization. In 2018, HSBC made it into the Forbes rating of the biggest public companies of the world.
The financial institution provides a variety of services, including commercial banking, global private banking, retail banking and wealth management, loans, insurance, mortgage, investments and many others.
The stock price target rally
In the recent couple of months, the company’s stock price has been widely discussed by the major financial institutions, and it appeared in multiple reports published by stock researchers and analysts.
According to the statistical data provided on the site MarketBeat, Goldman Sachs Group has set a price target for LON:HSBA at 10.65 dollars or 815 GBX. The rating of the stock share remains neutral. However, such a target price from Goldman Sachs suggest a more than 25% increase compared with the last close.
As for the others, here the target prices and the status vary. The neutral status was supported by Credit Suisse Group and JPMorgan Chase&Co. with the price targets of GBX 695 and GBX 690 correspondingly.
Deutsche Bank and Royal Bank of Canada are certain that the shareholders should sell them. The price targets equal to GBX 560 and GBX 600 correspondingly, while Societe Generale and Shore Capital put out the “Hold” status.
The stock price target chart currently looks the following way:
As of now, the average status is “Hold” and the average price target is GBX 687. The influence of Goldman Sachs can be clearly observed in the current situation.
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