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 share price breakout and pause for consolidation. M&A with automotive supplier peer GKN. Catalysts key since auto emissions cheating scandal. Move into batteries suggests embracing electric vehicle future.
Consensus is bullish and 75% of target prices suggest upside from current levels. The 12-month consensus target is well above our objective of a mere revisit of Sept/Nov highs.
Next Event: Q3 Trading statement, early Feb; Full year results, 31 May; Monthly auto sales
Latest Broker 12-Month Consensus: 61% Buy, 28% Hold, 11% 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 % | 2.6 | 8.3 | 0.2 | 19.1 | 2.5 | 35.1 | -3.6 | -4.2 | 36.4 |
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