This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Opening Price | Stop Loss | Profit Limit | Reward vs Risk | CFD Margin |
| 6280p | 6450p (170p/2.7% above) | 5850p (430p/6.8% below) | 2.5x | 5% |
Observations – For
Observations – Against
Shares corrected off the ceiling of a rising channel and broke down below our watch level 6360p, with technical indicators supporting expectations of a corrective move back down towards the 200-day MA. Shares are trading at a premium compared to sector peers, leading many to see them overvalued at a time when many brokers are bullish on the stock. A recent dividend-diluting share buyback could also cause value investors to abandon the stock in search of better returns elsewhere – either within or without the sector.
While only 10% of brokers are bearish on RB, note the most bearish target implies 17% downside compared to the bulls’ 13% upside. Shares currently trading 1% above the consensus target price of 6224p.
Next Event: TBC
Latest Broker 12-Month Consensus: 50% Buy, 40% Hold, 10% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Boomberg or Company Press releases
| Share | 1wk | 1m | 3m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | 0.0 | 4.3 | 8.4 | 19.8 | 31.5 | 65.5 | 94.1 | 76.8 |
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research