Goldman Sachs: Raised target price for Hong Kong Stock Exchange to 562 Hong Kong dollars.

Goldman Sachs released a research report stating that it has maintained a "buy" rating on the Hong Kong Exchange (00388) and raised its target price from HK$544 to HK$562. The stock is currently trading at around 30 times forward price/earnings ratio, which is lower than the mid-term price/earnings ratio level in the cycle.