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HSBC Holdings plc 51.5% Potential Upside Indicated by Goldman Sachs

HSBC Holdings plc with EPIC/TICKER (LON:HSBA) had its stock rating noted as ‘Reiterates’ 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 a target price of 905 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 51.5% from the opening price of 597.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 73 points and decreased 57.5 points respectively. The 52 week high for the stock is 718.7 GBX while the year low stock price is currently 589.3 GBX.

HSBC Holdings plc has a 50 day moving average of 657.85 GBX and a 200 day moving average of 652.58. There are currently 20,257,981,163 shares in issue with the average daily volume traded being 28,527,602. Market capitalisation for LON:HSBA is £119,430,925,473 GBP.