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 sitting at the floor of a neat rising channel. UK housing market holding up well. Shares have tended to benefit from Brexit talks breakthroughs. Recently passed Bank of England stress tests. Cleaner restructured bank after crisis. Back to profitability, paying dividends which have potential for increases.
Consensus is 60% bullish and the higher they climb the more chance that neutrals and/or negatives upgrade. The shares trade 6% below their 12-month broker target, but we only need them to revisit late October highs.
Next Event: Strategic update and 2017 results, 21 Feb;
Latest Broker 12-Month Consensus: 61% Buy, 14% Hold, 25% 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 | 0.8 | -0.2 | 0.7 | 7.7 | -8.6 | -11.3 | -14.2 | 38.9 |
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