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
Technically the shares look set for a rebound following a poor two weeks. Updated company guidance was well received. The company has had some very attractive contract wins of late. Brokers remain convinced in a strong organic growth profile.
Brokers are largely positive on the shares (60%) with 85% of target prices suggesting upside from current levels. If the shares were to reach the consensus target prices, they would exceed our trade objective.
Next Event: Interim Results, 28-July
Latest Broker 12-Month Consensus: 61% Buy, 22% Hold, 17% 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 % | -1.7 | -5.0 | -2.1 | 7.3 | -5.4 | 18.7 | 27.0 | 65.0 | 44.4 |
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