HSBC Stock Is Down 9% From Its High—Yet Analysts See Less Than 2% Upside
HSBC Holdings Plc fell 0.8% to 1,450.2 pence in delayed London trading on Tuesday, leaving the shares 8.8% below their July 6 high. The retreat has done little to restore valuation headroom: the median 12-month analyst target of 1,471.77 pence is only about 1.5% above the market price.
