You are here: City and Corporate / The City view - Home Retail
Friday September 5th 2008
The City view - Home Retail
Archived article dated Friday September 5th 2008
Ahead of the second quarter trading update from Home Retail, Shore Capital continues to regard it as one its favoured picks in the general retail sector.
Although the broker predicts that Home Retail's share price will come under pressure in the short term, along with the rest of the sector, it views any such weakness as an opportunity to buy into the group. It therefore retains its 'Buy' recommendation on the company. Home Retail's attributes that appeal most to Shore are its cash-rich balance sheet, relatively attractive valuation, its value proposition (chiefly through Argos), and it also suggests that it will be a likely beneficiary of consolidation in the sector in the future.Tagged as: home retail | city broker view.
Share this article:
Should your colleagues be reading the Retail Bulletin?
Let them know about us.
What is RSS?
