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
Positive technical set-up with shares in rising channel. Turnaround on track, hence rebound since June. Recent results saw dividends resumed. Today sees bond buyback announced to use excess liquidity for further reduction of debt. Buying Booker to increase exposure to UK consumer retail . Still number one UK grocer according to Kantar data. Touted as possible prey for Amazon.
Consensus is of a bearish persuasion but, with the shares in such a strong uptrend , this may require neutrals and/or negatives to upgrade to a more bullish stance. The consensus target corresponds with rising resistance as well as our trade objective. Upward revisions to both ratings and targets required? Back to 200p+?
Next Event: Q3 and Christmas Trading Statement, 11 Jan
Latest Broker 12-Month Consensus: 23% Buy, 32% Hold, 46% 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 % | -0.8 | 2.9 | 8.2 | 3.0 | –4.2 | -3.7 | 3.5 | -47.8 | -39.7 |
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