Whitbread PLC : The tendency continues
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 5,410 | GBX 0 | GBX 5,327 | -100% |
The company shows strong fundamentals. Consensus EPS estimates were upwardly revised over the last 12 months. For the fiscal ending in February, operating income is expected to increase about 15%. Moreover, several analysts recently raised their price target.
Technically, the share is above a pivot point that acts as a support. On every scale of time, moving averages are well oriented. In daily data we can see a relevant upward trend line. The security is very likely to come back in contact with.
In this configuration, investors could aim as a first target the GBp 5555 graphic threshold. A stop loss will be set under the GBp 5345 pivot point.