Tesco PLC : Attractive timing with a long term view to go long again
BUY
Repli_rebond
Target price hit
Entry price | Target | Stop-loss | Potential |
---|
GBX 211 |
GBX 235 |
GBX 199 |
+11.37% |
---|
Tesco PLC shares are sitting close to an important technical support area around 212.6 GBp based on weekly price data. Against this backdrop, investors can use this good timing for new long positions.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at GBp 212.6 GBp in weekly data.
● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
● The company shows low valuation levels, with an enterprise value at 0.53 times its sales.
● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● The company sustains low margins.
● For the last few months, analysts have been revising downwards their earnings forecast.
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