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 bullish short-term breakout, while the shares sit in a 12-month shallow rising channel. Investment companies benefiting from higher bond yields. Return of risk appetite. UK Index remains close to record highs. The investment management sector (and peer share prices) has been performing well.
Consensus is bullish with only 4% of analysts saying sell and 76% of target prices suggesting upside from current levels. The consensus target is well beyond our short term objective of revisting May’s peak.
Next Event: Half-year results, 8 Aug;
Latest Broker 12-Month Consensus: 61% Buy, 35% Hold, 4% 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 | -3.1 | 1.3 | 1.7 | 4.2 | 50.5 | 15.8 | 36.5 | 77.2 |
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