Tesco PLC : The comeback of an upward trend can be anticipated
Entry price | Target | Stop-loss | Potential |
---|
GBX 228.47 |
GBX 240 |
GBX 222.8 |
+5.05% |
---|
The technical chart pattern of Tesco shares shows signs of a medium term reversal, which speaks in favor of opening new long positions.
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 company shows low valuation levels, with an enterprise value at 0.37 times its sales.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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