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 |
| 516p | 530p (14p/2.7% above) | 489p (27p/5.2% below) | 1.9x | 5% |
Observations – For
Observations – Against
Shares may have rallied too far too fast – 20% from recent lows – and thus may be due a correction. Security concerns may have receded although military needs still strong. UK Chancellor’s Autumn statement was positive for military spending, but technicals suggest shares now overbought. Decent dividend yield, but better available elsewhere.
Broker consensus shows 50% of brokers neutral/negative and 40% with price targets below the current share prices. Shares trading just above consensus average target, meaning scope for downgrades
Next Event: Preliminary FY results, 18 Feb
Latest Broker 12-Month Consensus: 50% Buy, 33% Hold, 17% 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 % | 3.9 | 17.3 | 0.3 | 7.4 | 20.8 | 57.8 | 88.7 | 56.4 |
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