HSBC Holdings (HSBA) Receives a Rating Update from a Top Analyst
Goldman Sachs analyst Chris Hallam maintained a Buy rating on HSBC Holdings yesterday and set a price target of £16.75.
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According to TipRanks, Hallam is a top 100 analyst with an average return of 25.5% and a 74.59% success rate.
HSBC Holdings has an analyst consensus of Moderate Buy, with a price target consensus of p1,403.21.
Based on HSBC Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p33.73 billion and a net profit of p4.73 billion. In comparison, last year the company earned a revenue of p58.73 billion and had a net profit of p6.53 billion
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HSBA in relation to earlier this year.
Read More on GB:HSBA:
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