We are required by the Financial Services Authority to provide a split of our research recommendations, based on all recommendations made over the past calendar quarter for all companies under coverage. We are also separately required to provide the same information for clients with whom we have had a corporate relationship in the past 12 months.
This information for the period 01 April to 30 June 2010 is provided in the table below:
| Recommendation | Numbers | % | Proportion of Clients that we have had a Corporate relationship with in previous 12 months % |
|---|---|---|---|
| Buy 1 | 213 | 83% | 71% |
| Sell 2 | 4 | 2% | 0% |
| Hold | 39 | 15% | 11% |
| Total | 256 | 100% | 82% |
An archive of the historical distribution of research recommendations is provided here.
* Includes AIM and Official List companies.
Ratings Key
Expected absolute performance over next 12 months
Buy - 20%+ upside to BD 12m Price Target
Add - 10% - 20% upside to BD 12m Price Target
Hold – minus 10% to +10% to BD 12m Price Target
Reduce – minus 10% to 20% downside to BD 12m Price Target
Sell - minus 20% or more downside to BD 12m Price Target
1 “Buy includes “Strong Buy”, “Add” and “Buy” recommendations.
2 “Sell” includes “Take Profits”, “Reduce” and “Sell” recommendations.
Footnote
The tables above relate only the Corporate Advisory & Broking Equity Sales and Research divisions of Brewin Dolphin. Information in respect of the Investment Management division of Brewin Dolphin can be found here.