Stagecoach Group plc : The mid-term trend could accelerate in few sessions
February 22, 2013 at 04:16 am EST
By
Entry price | Target | Stop-loss | Potential |
---|
GBX 295.6 |
GBX 0 |
GBX 280.9 |
-100% |
---|
Stagecoach Group could regain its upward trend after having run out of steam.
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 0.8 times its sales.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline could lead the share to the GBp 290.9 support. Therefore, a technical rebound will fix an objective near the GBp 319.6 long-term resistance.
The most active investors can buy the share in this area and target a return toward GBp 319.6. A stop loss can be placed under the GBp 290.9 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.