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
Strong bounce keep long-term recovery alive. Tomorrow’s trading update could be catalyst for share price jump. CEO not stepping down until end-June still fighting threat from online. Prospect of more extraordinary dividends. Company often touted as acquisition candidate. Broker Liberum suggests CEO departure could be precursor to a sale to Liberty Media which already owns a 10% stake.
Consensus is positive on the stock, looking for a fresh 12-month highs of 229p and the average of all April and May broker updates suggesting upside to 248p. Both are well beyond our trade objective of 220p 12-month highs.
Next Event: Trading Update & AGM, tomorrow
Latest Broker 12-Month Consensus: 54% Buy, 33% Hold, 13% 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 % | -2.9 | -5.4 | -1.0 | 23.0 | -5.9 | -21.7 | 8.0 | 59.3 | 152.6 |
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