Rolls-Royce Holdings plc : Very confident on the stock
By Oscar Salza
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 823.5 | GBX 0 | GBX 771 | -100% |
According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility. Moreover, brokers have lately revised upward their revenue estimates and count on EPS of GBP 45.33 for this year.
The security follows a downward trend in the short term, under the GBp 849 resistance area. In the mid-term, the trend is neutral. Rolls-Royce is not likely to continue its downtrend because it is near to the strong GBp 796 support and it is oversold. This level could offer a good point of entry for investors with mid-term strategy. We are very confident on the stock because of company’s fundamental. We fix a target price at Gbp 865 and then GBp 890. A stop loss will be placed GBp 771.