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
Bullish breakout after another bullish breakout earlier in May, extending the share price uptrend since late April and putting the all-time highs of 1783p (reached in November 2017) within touching distance.
Broker consensus is bullish, with 57% of analysts saying Buy and only 9.5% saying Sell. Recent quarter’s Sterling weakness could entice the remaining 33% of Neutral brokers to upgrade their ratings. 55% of broker 12-month price targets suggesting upside from current levels, with latest broker update from AlphaValue suggesting 1857p price, well in excess of our 1775p target.
Next Event: H1 results 26 July
Latest Broker 12-Month Consensus: 57% Buy, 33% Hold, 9.5% 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 % | 1.4 | 6.1 | 13.7 | -2.9 | -0.7 | 32.4 | 55.1 | 77.1 | 125.1 |
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