Jupiter Fund Management reaches a level of resistance. This level could contain the upward trend in the short term.

From a fundamental viewpoint the company appear overvalued. P/E Ratio for the current year is at 17.4x and expected at 15.8x for the next year. With a valuation ratio of 5.9x, the group appears overvalued compared to its business activity.

Technically, the security could run out of steam close to the GBp 443.5 resistance. Indeed, the stock is moving in an upward trend in the short term but it could know a halt. In this context, the downward movement could improve and it should expect a return to GBp 425.7 and GBp 412. Indicators that show an overbought situation confirm this scenario.

Therefore, the most offensive investor can benefit from the technical configuration to open a short position. The objective will be fixed near to the GBp 425.7 support and GBp 412 level. Only the breakdown of this level would open up new bearish targets toward GBp 397.7. The stop loss will be set at GBp
445.1.