Workspace Group is likely to reach its GBp 744 resistance.

The real estate investment trust displays solid fundamentals. Its valuation levels are attractive with a very low P/E ratio of 4.63 for 2015. Sales are expected to be up +6.6% this year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. Furthermore, JP Morgan has recently raised its target price from 670 to 800 pence.

Technically, the security is trading in a bullish trend on all time scales. Prices have crossed the GBp 690 resistance and increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the GBp 744 long term resistance in weekly data.

For reasons above exposed, investors could benefit from the upward trend on Workspace Group by opening long positions. A first target could be set at the GBp 744.03 and new bullish aim could be further reached. The return under the resistance recently crossed would invalidate the recovery scenario and trigger the stop-loss order.