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 suggesting potential for a bounce back to the ceiling of its current. Today’s KANTAR UK grocery market data suggests further loss of markets share to German discounters, but shares of UK grocers higher as sales continue to grow. HSBC recently suggested TSCO would be a good fit for online giant Amazon if it wanted to increase presence in UK grocery sector. Recent Supermarket REIT IPO shows value of supermarket property.
Consensus is majority neutral-to negative, meaning significant potential for upgrades to ratings as the shares rebound, especially with over 75% of target prices suggesting upside from current levels. Our trade objective does not even require the shares to reach the consensus target. Latest target range from 155-250p, encompassing our envisaged trading range.
Next Event: Interim Results, 4 Oct
Latest Broker 12-Month Consensus: 29% Buy, 29% Hold, 43% 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 % | -1.4 | -9.7 | -11.7 | -18.0 | 4.0 | -24.6 | -40.8 | -48.5 | -45.4 |
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