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
Bullish breakout above 211p. UK Index pushing fresh all-time highs is positive for risk assets like banks. UK inflation at a 3.5yr highs puts pressure on the Bank of England to raise UK interest rates which is good for the banks. US Fed likely to hike next month, which is good for banks globally. The shares would appear to have put the CEO’s recent woes behind them, and the bounce after disappointing Q1 results suggests a revival of bullishness.
75% of brokers are positive/neutral on the shares, 73% seeing upside potential. The consensus target of 224p is just above our short-term trade’s objective.
Next Event: Q2 Results, 28 Jul
Latest Broker 12-Month Consensus: 39% Buy, 36% Hold, 25% 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 % | 3.6 | -0.2 | -11.3 | 0.2 | 28.3 | -18.9 | -13.3 | -27.9 | 23.5 |
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