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
Nice bounce by the shares. Defensive sector with stable revenue streams. Strong exposure to India, still interested in deals elsewhere in the world (Softbank Japan mobile, CityFibre UK broadband). Upped profits guidance in November. Generous 6% dividend yield, raised dividend in November.
Consensus is bullish with 85% of target prices suggesting upside from current levels. Share price bounce could encourage some of the neutrals and/or negatives to upgrade. The 12-month consensus target would suggest a return to its best since June 2015, above our objective of revisiting recent 240p highs.
Next Event: Trading update, 1 Feb
Latest Broker 12-Month Consensus: 66% Buy, 24% Hold, 10% 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 % | -1.4 | -3.0 | 4.2 | 1.9 | 9.7 | 4.3 | -1.5 | -24.4 | 12.1 |
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