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 with shares having bounced off major rising support. Looking at long-term chart, activity of th elast month could even represent a bullish flag that sends the shares 100p higher than recent highs. Beneficiary of global risk appetite, consumer confidence and a weaker EUR.
Consensus is very bullish (only 3% sells) with over 75% of broker targets suggesting upside from current levels. Our short-term trade objective of 1345p is well below consensus target of 1430p. Share price bounce could encourage neutral brokers to upgrade their ratings and targets.
Next Event: Pre-close trading update, 28 Sept
Latest Broker 12-Month Consensus: 73% Buy, 23% Hold, 5% 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 % | -0.6 | -0.4 | 16.1 | 15.1 | 27.9 | 9.4 | N/A | N/A | N/A |
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