Research Recommendation Definitions

Liberum Capital publishes investment recommendations, which reflect the analysts assessment of a stocks potential absolute total return.

There are three recommendations: BUY stocks are expected to have an absolute total return of at least 10%. HOLD stocks are expected to have an absolute total return of between 0-10%. SELL stocks are those which could deliver a negative return. The time horizon for which the recommendation is deemed valid is three to six months unless otherwise specified in the particular research.

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