This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Technical Observations – For
Technical Observations – Against
One of the worst performing UK 100 members of 2018 (-16%), down almost as much as the struggling bond-proxy Utilities, in spite of supposed safehaven qualities. Principal product Gold under pressure from strong USD as inflation returns to US, increasing need for Fed central bank to hike rates. Stronger USD means non-USD buyers get less bang for their buck equivalent, Hawkish Fed may negate need to hedge for inflation.
The old adage, “if everyone a buyer, who’s left to buy?”, is particularly apt given that there are no brokers with negative opinions and all price targets are above the current share price. However, might some of these need reviewing, even downgrading, in light of the recent sell-off and new market set-up (inflation, hawkish Fed, stronger USD).
Next Event: Ex-dividend, 22 Mar; Q1 Results, early May
Latest Broker 12-Month Consensus: 59% Buy, 41% Hold, 0% 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 % | -4.2 | -15.3 | -10.8 | -17.2 | -16.5 | 0.5 | 21.2 | 32.0 | 5.4 |
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