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 technical signals. Potential for rally back and fill the May gap-down. Retail shares seeing fresh interest after a tough end-May and flat June. Strong performance at Screwfix (trade and online) and in Poland. Potential for recovery in French subsidiaries (Castorama, Brico Dépôt) if Macron delivers on pro-growth reforms.
Consensus is evenly split between buy/holds/sells, which offers potential for upgrades as the shares rebound. Note 63% of broker target prices suggest upside from current levels and the consensus target (337p) would take us more than half-way back to filling a gap on the chart (355p), which is our trade objective.
Next Event: Q2 Trading update, 17 Aug
Latest Broker 12-Month Consensus: 29% Buy, 38% Hold, 33% 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 % | 3.2 | -4.2 | -1.8 | -8.8 | 1.4 | -10.7 | -13.5 | -14.7 | 13.6 |
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