Vistry Group PLC : Price acceleration in sight
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,057 |
GBX 0 |
GBX 1,024 |
-100% |
---|
The upward trend could spur Bovis Homes in coming sessions.
From a fundamental viewpoint, the security has great attributes. As claimed by Thomson Reuters, the net margin is anticipated to rise by 85% by 2017. Moreover, at current price, the company is trading 10.5 times its earnings which implies a significant potential.
Bovis Homes Group is in an uptrend in the medium and long term, although, the last bearish movement has throw it back near a major support level. This threshold, if preserved, will enable the equity to take advantage of the bullish movement.
Dropping prices could be considered as an opportunity to buy the stock in the current area. It would represent an interesting level for buyers and hence target at GBp 1150 in a first time. A stop loss will be fixed below the entry point to limit risks.
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