Go-Ahead Group could regain its upward trend after its recent consolidation phase.

The company displays solid fundamentals with attractive valuation and profitability levels. Analysts have revised widely upward their EPS estimates and mostly keep a buyer bias with an average target price of GBp 2640.

Following a bullish wave, the stock showed a slight decline upon contact with the upward trendline. Prices are back on their GBp 2406 support, which should allow a technical rebound and lead the stock towards its GBp 2628 resistance. On this level, remobilization of buyer flows would allow a return of the bullish movement.

A rally seems possible thanks to the GBp 2406 area. It could be a basis for a purchase to target GBp 2628. A stop loss will be fixed below the current support to limit the risk.