Smiths Group plc : A technical turn-around configuration
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,646 |
GBX 1,760 |
GBX 1,590 |
+6.93% |
---|
Smiths Group plc shares could get back into a rising trend over the medium term, as suggested by technical indicators.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● The company presents an interesting fundamental situation from a short-term investment perspective.
Strengths● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The opinion of analysts covering the stock has improved over the past four months.
● Over the past twelve months, analysts' opinions have been strongly revised upwards.
● The divergence of price targets given by the various analysts who make up the consensus is relatively low, suggesting a consensus method of evaluating the company and its prospects.
● The group usually releases upbeat results with huge surprise rates.
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