British Land Company PLC : Benefit from the uptrend
By Anas Boumedian
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 832.5 | GBX 0 | GBX 817 | -100% |
The company has a very low valuation with a P/E ratio of 4.54x for 2015. Moreover, analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.
Technically, the security is in an uptrend on all time scales. A slight correction was induced by the contact with the trendline. Prices seem to have found a support on the 20 day moving average, that is stopping the bearish fluctuations. It is likely to allow a technical rebound towards the recent highs.
Thanks to these good indicators, it seems relevant to take a long position in British Land Company. The target price will be set at the trendline around GBp 860. A stop loss will be set under the current position of the 20-day moving average.