GKN : The resistance should give in
BUY
Conditionne
Target price hit
Entry price | Target | Stop-loss | Potential |
---|
GBX 310 |
GBX 324.5 |
GBX 301 |
+4.68% |
---|
GKN plc shares are trading close to a major resistance level. Given the share's technical chart pattern, investors could anticipate that this resistance zone will be broken which could lead to new upside potential.
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 stock, which is currently worth 2016 to 0.68 times its sales, is clearly overvalued in comparison with peers.
● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at GBp 308.4.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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