Goldman Sachs Sticks to Their Buy Rating for HSBC Holdings (HSBA)
Goldman Sachs analyst Melissa Kuang maintained a Buy rating on HSBC Holdings today and set a price target of £16.50.
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According to TipRanks, Kuang is a 3-star analyst with an average return of 9.3% and a 61.90% success rate.
Currently, the analyst consensus on HSBC Holdings is a Moderate Buy with an average price target of p1,426.53.
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 71 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.
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