Important info Contact us Client login Products & services Research Daily update Market news About Help centre Important info Contact Research definitions Home Research Research definitions Back The recommendations used by Beaufort Securities in its publications and their respective meanings are as follows: Buy: The stock or other security is expected to outperform the benchmark stock market index of which it is a component by at least 10% over the twelve months following the date of the publication. Speculative Buy: The stock or other security is of a speculative nature and may be issued by a smaller company. It may be illiquid, and the spreads between the bid and offer prices may be wider than those for a stock issued by a larger company. It is expected to outperform the benchmark stock market index of which it is a component by at least 12.5% over the twelve months following the date of the publication. The rationale for the recommendation may be linked to factors other than the usual determinants of share price performance, such as the possibility of development of new technology, a discovery of natural resources, or a take-over bid for the company. Hold: The stock or other security is expected to perform in line with the benchmark stock market index of which it is a component or to vary by no more than plus or minus 10% over the twelve months following the date of the publication. Sell: The stock or other security is expected to underperform the benchmark stock market index of which it is a component by at least 10% over the twelve months following the date of the publication. Open an account Open an account today.. Online share dealing account Telephone/advisory stockbroking account Advisory CFD account Getting Started Find out what we can offer.. Low cost online trading Portfolio advice & telephone dealing Latest research Request a callback We can call at a time convenient to you.. Available Mon – Fri 8am to 5pm Find out more Quick Links Company research notes Special reports Research definitions London 020 7382 8300 Bristol 0117 910 5500 Colwyn Bay 01492 523 000 Newcastle 0191 495 7950 Online Helpdesk 020 7042 9910 Sign up to our Newsletter Get the latest news and tips direct to your inbox by signing up below. Useful Links About Beaufort Securities Important Info Contact Us ©2016 Beaufort Securities Registered Office: Beaufort Securities Ltd 131 Finsbury Pavement London EC2A 1NT Registered No. 2693942 in England & Wales Authorised and regulated by the Financial Conduct Authority (Register No. 155104). Members of the London Stock Exchange, ISDX and the Quoted Companies Alliance Web design company Adeo Group Terms and Conditions Privacy and Cookies