easyJet plc : A medium term support level to take advantage of
| Entry price | Target | Stop-loss | Potential |
|---|
|
GBX 456.85 |
GBX 510 |
GBX 435 |
+11.63% |
|---|
The recent downturn has taken easyJet plc shares close to a medium term support level around 447.5 GBX. The timing for a long trade in the stock appears good.
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.
● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
● The company shows low valuation levels, with an enterprise value at 0.34 times its sales.
● The company's share price in relation to its net book value makes it look relatively cheap.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● Over the past twelve months, analysts' opinions have been strongly revised upwards.
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EASYJET PLC 
