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
Very positive technical set-up with shares having made a strong bullish bounce and breakout. Insurance sector (non-life) seeing a revival of interest (Oct highs). Strong dividend yield (5.8%) makes the shares attractive to those seeking both income and capital appreciation. New CFO on his way over from PRU. Reversal of Ogden discount rate rule forthcoming. M&A in sector (AA/Hastings).
Consensus is biased bearish but, with the shares having resumed their uptrend, this may see some of the neutrals /negatives turn more bullish, especially with the consensus target corresponding with 2017 rising support. Upward revisions to targets required?
Next Event: FY Results, March
Latest Broker 12-Month Consensus: 15% Buy, 40% Hold, 45% 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 % | 2.7 | 2.8 | -7.3 | -6.0 | -8.8 | 20.4 | 49.6 | 57.6 | 75.2 |
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