Keller Group plc : The GBp 936 area for a technical rebound
Entry price | Target | Stop-loss | Potential |
---|
GBX 982.5 |
GBX 0 |
GBX 957.8 |
-100% |
---|
Keller Group plc’s share price was heavily penalized and is now in an oversold situation near to a solid support area.
From a fundamental viewpoint, the security is cheap with a P/E Ratio of 11.38x for 2015 and 9.79x for 2016.
Besides, EV/Sales is low with a ratio at 0.5x for this year.
The security follows a downward trend in the short term, under the GBp 1018 resistance area.
In the mid-term, the trend is neutral. The stock is trading within a range between GBp 968 and GBp 1018. Keller Group is not likely to continue its downtrend because it is near to the strong GBp 968.5 support and oversold.
Thanks to the technical pattern and Keller Group’s strong fundamentals, active investors can open long positions above GBp 968.5. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at GBp 1055 in a first time and then at GBp 1100.
However, a bearish trend would regain the upper hand if the security crosses GBp 960.
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