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 bullish breakout to 2 month highs, resistance-turned support and potential bullish flag pattern ahead of Christmas trading statement. UK Retail Sales at 7-month highs in November, with Q4 trading statement (including Christmas) just around the corner. Potential for shares to close the gap after disappointing Q3 trading statement in November that was at odds with a brace of positive summer upgrades to guidance
Consensus is skewed bearish but, with the shares breaking out to 2-month highs, this may require neutrals and/or negatives to upgrade to a more bullish stance. Currently trading at its 12-month broker target, many analysts may have to update targets to accommodate this.
Next Event: Q4 Trading Statement, 3 Jan; Ex-div (Special; 45p), 4 Jan
Latest Broker 12-Month Consensus: 12% Buy, 46% Hold, 42% 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 % | 3.4 | 5.9 | -13.1 | 15.5 | -7.3 | -36.4 | -30.4 | -16.5 | 23.2 |
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