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 technical set-up. Oil prices off their highs. Peers spending money ordering planes. Supportive 4% dividend yield. Recently increased medium term profit targets. Latest traffic data solid.
Consensus is bullish with 91% brokers either positive or neutral, and 88& of broker targets suggesting upside potential from current levels. In fact consensus is looking for a rally to beyond our short-term trade objective, to near a 20yr high. The average target from all November broker updates is 714p, while the minimum is 600p.
Next Event: November traffic stats, 5 Dec;
Latest Broker 12-Month Consensus: 47% Buy, 44% Hold, 9% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
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