Hays plc : An opportune reversal
By Camille Chretien
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 90.4 | GBX 0 | GBX 87.9 | -100% |
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and potential. Based on current prices, the company is valued at 0.39 time its sales.
Following a bullish wave, the stock now shows a slight decline that led it towards the 100-day moving average. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.
The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy Hays. The objectives will be set at GBp 94.85 and by extension GBp 101.2. The stop loss will be triggered below the GBp 88.65 support.