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
A bullish breakout may attract fresh investors to the share given the upside remaining to the highs of last October. The shares’ defensives qualities (chemicals essential in many areas of industry) make it a contender for diversifying portfolios. Trump policies could revive sector growth. Beware, exposure to global growth and GBP/USD volatility.
There is only one broker with a sell rating. The rest are spread evenly between Neutral and Buy. Should the shares break above the consensus target of 3450p we could see upgrades of the Neutrals that adds to and compounds current bullishness to propel the shares even higher. Note the most recent broker updates targeting £36 and £39.
Next Event: FY results results, 28Feb
Latest Broker 12-Month Consensus: 61% Buy, 39% Hold, 0% 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 % | 1.6 | 4.9 | -7.3 | 0.9 | 12.7 | 19.1 | 34.0 | 40.6 | 66.8 |
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