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, which has already reverted to, and served as, support yesterday. UK housing market still holding up. Shares have tended to benefit from Brexit talks breakthroughs. Recently passed Bank of England stress tests. Cleaner restructured bank after crisis. Back to profitability, paying dividends which have potential for increases.
Consensus is bullish with with 80% analyst target prices suggesting upside from current levels. The recent share price breakout may encourage neutrals and/or negatives to upgrade. The shares trade 3% below their 12-month broker target, just below our trade objective for a revisit of 2yr falling highs resistance.
Next Event: Strategic update and 2017 results, 21 Feb;
Latest Broker 12-Month Consensus: 57% Buy, 18% Hold, 25% 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 % | 2.8 | 5.9 | 7.2 | 5.0 | 8.7 | 8.7 | -5.5 | -16.4 | 32.6 |
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