Stagecoach Group plc : Good timing to aim a technical rebound
Entry price | Target | Stop-loss | Potential |
---|
GBX 249.9 |
GBX 0 |
GBX 245.8 |
-100% |
---|
The GBp 248.9 support, currently tested, should allow Stagecoach Group to rally again.
From a fundamental viewpoint, the security is cheap with a P/E Ratio of 10.03x for 2016 and 9.3x for 2017.
Besides, EV/Sales is low with a ratio at 0.48x for this year.
This situation gives credit to a potential technical rebound thanks to the GBp 248.9. Thus, the stock could find new energy and would rise towards the next GBp 261.4 resistance.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Stagecoach Group with a good timing. The potential gain is around 5%. Investors might place a stop loss order at GBp 245.8 in order to avoid important losses.
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