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
Shares have made a strong breakout that may attract new investors and analyst upgrades. The 540p objective of a Feb-Jul bullish triple-bottom reversal pattern has already been exceeded. Higher interest rates are beneficial for bank profitability hence no panic about another US rate hike. More exposure to Asia and emerging markets and less exposure to Brexit is a helpful combo.
With half of brokers still neutral on the shares, there is potential for the share price breakout to generate analyst upgrades to both ratings and price targets. This makes sense with 77% of price targets offside, that is suggesting downside from current levels, while only a quarter of brokers are actually negative on the stock.
Next Event: Q3 results, 7 Nov
Latest Broker 12-Month Consensus: 29% Buy, 45% Hold, 26% 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 % | 2.8 | 13.1 | 25.2 | 19.5 | 12.6 | -13.9 | -19.6 | 0.3 | 10.9 |
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