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 trading around multi-year lows. Defensive sectors such as Telecoms are of interest in demand amid geopolitical risk and thanks to attractive 4.5% dividend yield. Lots of bad news already out in the open could mean downside is limited.
Consensus is very bullish (only 12% sells) with over 80% of broker targets suggesting upside from current levels. Our short-term trade objective of 318p is well below consensus target of 356p. A share price bounce could encourage neutral brokers to upgrade their ratings and targets.
Next Event: Q2 2017/18 results, 2 Nov
Latest Broker 12-Month Consensus: 52% Buy, 36% Hold, 12% 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 % | -0.3 | -3.6 | -0.5 | -13.9 | -28.0 | -31.9 | -29.2 | -17.7 | 21.4 |
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