Babcock International Group PLC : Keep on going up!
By Josselin Giraud
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 976.5 | GBX 1,050 | GBX 965.2 | +7.53% |
From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.
Graphically, prices are well oriented in a bullish trend on different time scales. This positive trend is expected to go toward GBp 992.
Therefore, investors could take a long position in Babcock International, on crossing of the GBp 992 mid-term resistance. A stop loss should be placed at GBp 965.2.