Ashtead Group plc : Severely punished
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 1,059 | GBX 0 | GBX 1,029 | -100% |
The firm enjoys a 5 stars Surperformance investor rating which underline its profitability, its earning quality and the positive revenue estimates revisions. The consensus average target price displays a +23% potential.
Technically, the share keeps an uptrend in the long and in the mid-term. Weekly moving averages remains well oriented. Nevertheless, a recent decline brought back the share near a support area, which is relevant in daily data as well as in weekly data.
Consequently, investors may open a long trade at current prices and target a reversal toward the GBp 1120 resistance. A stop loss will be set at GBp 1029 in case of further correction.