Henderson Group Plc : An opportune reversal
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
£244.8 | £0 | £224.57 | -100% |
The group’s fundamental are strong as shown by its Surperformance ratings. Sales and margins are increasing. Thus, sales should rise of 20% until 2015 while net margins should reach an interesting 27%. Moreover, analysts have gradually revised upward their growth prospect and EPS estimations for the coming years. Furthermore, the company has had a sound financial situation for many years.
Henderson Group shows a bullish configuration in the medium and long term as weekly moving averages are well-oriented. A consolidation phase has thrown the stock to an interesting level. Nevertheless, the current pattern (bullish channel) shows a trend that remains very progressive.
Consequently, most active investors could buy the equity at the current price targeting a return to GBp 270.3. A stop-loss order will be placed under the GBp 236 support.