Debenhams Plc : Take advantage of the uptrend
January 14, 2013 at 04:14 am EST
By
Entry price | Target | Stop-loss | Potential |
---|
GBX 106.2 |
GBX 0 |
GBX 102.9 |
-100% |
---|
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.65 times its sales. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of 10.46 GBp per share for the current year.
Graphically, buyer flows are reduced. If the trend is now bearish in the short term, profit taking is part of a rebound on the GBp 104 and therefore does not affect the upward trend in the medium and long term.
In this configuration, the GBp 104 area is an important support for a reversal. Investors could take a buy order on this level and get a good entry point to target the GBp 117.9 with a stop below the medium term support.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.