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HSBC Holdings plc 24% Potential Upside Indicated by Goldman Sachs

HSBC Holdings plc using EPIC/TICKER code (LON:HSBA) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at Goldman Sachs. HSBC Holdings plc are listed in the Financials sector within UK Main Market. Goldman Sachs have set their target price at 775 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 24.0% from today’s opening price of 624.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 25.7 points and decreased 27.3 points respectively. The 52 week high for the stock is 749.9 GBX while the 52 week low is 596.4 GBX.

HSBC Holdings plc has a 50 day moving average of 644.20 GBX and a 200 day moving average of 672.67. There are currently 20,051,263,049 shares in issue with the average daily volume traded being 24,934,595. Market capitalisation for LON:HSBA is £124,959,473,769 GBP.