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
Bullish technical set-up. 5% dividend yield supportive. Risks are London exposure and sensitivity to interest rates ahead of what is widely expected to be a Bank of England hike on Thursday. However, it is seen as a one-off, merely reversing last summer’s referendum inspired cut, until we get more clarity on Brexit. Broker Barclays said market a little optimistic on sector. Berkeley is almost a under-performer, up only 33% YTD vs peers up 40-57%.
Consensus is Bullish on the shares with 78% of October broker updates being to Hold or Buy the shares, and 50% of broker targets suggesting upside potential from current levels.
Next Event: BoE interest rate decision, 2 Nov; Interim results, 8 Dec;
Latest Broker 12-Month Consensus: 39% Buy, 33% 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 % | -5.1 | 0.7 | 7.9 | 14.9 | 57.7 | 12.9 | 64.4 | 53.0 | 146.2 |
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