GO-AHEAD GROUP : Still well oriented
Entry price | Target | Stop-loss | Potential |
---|
GBX 2,287 |
GBX 0 |
GBX 2,221 |
-100% |
---|
Go-Ahead Group is trading in a long term bullish trend and several arguments are in favor of the continuation of this trend.
The company’s fundamentals are strong. Sales should reach GBP 2.6 billion this year. Moreover, analysts from the Thomson Reuters consensus have largely revised upward their sales and EPS estimates, proof of the good dynamic on the activity.
The group seems to be undervalued compared to its peers with an EV/sales ratio at 0.40 for 2014 estimates.
Technically, the security shows a bullish configuration on all time scales. The recent consolidation movement has brought the stock to an interesting entry level. Moving averages are well oriented and support the prices progression.
Thanks to these good indicators, it seems relevant to take a long position in Go-Ahead Group at the current price. The target is the GBp 2407 resistance. A stop loss will be set under the GBp 2268 short term because a breakdown of this level would damage technical pattern.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.