This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Observations – For
Observations – Against
Attractive technical set-up for a rebound. Prospect of more defence budget spending and improved energy sector dynamics. Bounce suggests end of sell-off since FY results end-May. Order book and pipeline both solid (£19bn and £10bn respectively).
Only one broker is negative on the shares. All 100% of target prices suggest upside potential, even the most bearish is above where we trade today. Note the consensus average target is just above our trade objective.
Next Event: AGM and Trading Update, 13 Jul
Latest Broker 12-Month Consensus: 69% Buy, 25% Hold, 6% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -3.2 | 0.5 | 1.1 | -1.4 | -11.0 | -19.4 | -25.8 | -7.2 | 16.6 |
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