Stockmarket uncertainty in the 3-week period since the Brexit referendum outcome unsurprisingly led large cap UK FMCG shares to outperform the domestic index. The sector clearly benefits both from sales stability and high overseas earnings. Comparative UK profit exposures are shown in Exhibit 1 below.
15 Jul 2016
UK FMCG – Price Target Revisions
British American Tobacco p.l.c. (BATS:LON), 2,310 | Diageo plc (DGE:LON), 2,836 | Imperial Brands PLC (IMB:LON), 1,773 | Reckitt Benckiser Group plc (RKT:LON), 4,160 | SABMiller (SAB:LON), 0 | Unilever PLC (ULVR:LON), 3,812
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UK FMCG – Price Target Revisions
British American Tobacco p.l.c. (BATS:LON), 2,310 | Diageo plc (DGE:LON), 2,836 | Imperial Brands PLC (IMB:LON), 1,773 | Reckitt Benckiser Group plc (RKT:LON), 4,160 | SABMiller (SAB:LON), 0 | Unilever PLC (ULVR:LON), 3,812
- Published:
15 Jul 2016 -
Author:
Chris Wickham -
Pages:
5
Stockmarket uncertainty in the 3-week period since the Brexit referendum outcome unsurprisingly led large cap UK FMCG shares to outperform the domestic index. The sector clearly benefits both from sales stability and high overseas earnings. Comparative UK profit exposures are shown in Exhibit 1 below.