Dixons Carphone Page 9

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Dixons Carphone Page 9

7) Dixons Carphone (DC.)

Will shares pull back towards Brexit lows of 275p (-25%) or rally back towards the highs of 500p (+37%)?

Strong post-Brexit uptrend
Potential to bounce at intersecting support levels?
Overwhelming positive consensus

Broker Consensus: 87% Buy, 0% Hold, 13% Sell

Bullish: Numis, Add, Target 52 5p, +44% (11 July)

Average Target: 428p, +17% (29 Sept)

Bearish: Morgan Stanley, Underweight, Target 315p, -14% (18 Sept)

N.B. All pricing and consensus data was sourced from Bloomberg on 29 Sept. Recommendations and target prices are revised regularly due to heightened market volatility. Please contact us for a full, up to date rundown.

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

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