Booker Group : Technically solid
Entry price | Target | Stop-loss | Potential |
---|
GBX 172.4 |
GBX 182.3 |
GBX 167.8 |
+5.74% |
---|
The timing appears opportune to go long in shares of Booker Group Plc as we anticipate another pick-up in the underlying trend.
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● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● Historically, the company has been releasing figures that are above expectations.
● The company shows low valuation levels, with an enterprise value at 0.55 times its sales.
● The RSI level highlights a moderate predominance of sellers pressure on the stock.
Weaknesses● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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