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HSBC Holdings plc 40.5% Potential Upside Indicated by Goldman Sachs

HSBC Holdings plc with EPIC/TICKER (LON:HSBA) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ 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 925 GBX on its stock. This indicates the analyst now believes there is a potential upside of 40.5% from today’s opening price of 658.3 GBX. Over the last 30 and 90 trading days the company share price has decreased 9.3 points and increased 28.1 points respectively. The 1 year high for the stock price is 746.3 GBX while the 52 week low is 596.4 GBX.

HSBC Holdings plc has a 50 day moving average of 651.39 GBX and the 200 Day Moving Average price is recorded at 653.77. There are currently 20,236,188,589 shares in issue with the average daily volume traded being 19,715,894. Market capitalisation for LON:HSBA is £132,992,233,877 GBP.