HSBC shares trade close to 52-week high with China curbs weighing on Hong Kong premium
HSBC Holdings slipped 0.4% to 1,440.1 pence in early London trading Wednesday. The FTSE 100 was flat. HSBC was 1.1% under its 52-week high and traded around 15.8 times trailing earnings, market cap close to £247 billion. Hong Kong shares fell 0.3% to HK$148.20, just off a new 52-week high at HK$149.90. In London, the stock is up 62% over the past year. The median 12-month price target from 14 analysts sits at 1,489.71 pence, which is 3% above where the shares finished on Tuesday.