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
Attractive technical set-up with shares having bounced off major support. Higher UK inflation increases the chance of a bank of England rate rise which would benefit bank sector profitability. Beneficiary of global risk appetite.
Consensus is pretty bullish (52% Buy, 20% hold, 28% sells) with over 75% of broker targets suggesting upside from current levels. Our trade objective 205p is lower than the consensus target of 220p. Share price bounce could encourage more negative brokers to upgrade their ratings and targets.
Next Event: 3rd Results, 31 Oct
Latest Broker 12-Month Consensus: 52% Buy, 20% Hold, 28% 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 % | 0.2 | -4.4 | -7.7 | -17.8 | 9.1 | -26.2 | -15.5 | -32.7 | -3.3 |
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