The recent downturn has taken Boohoo Group PLC shares close to a medium term support level around 204.3 GBp. The timing for a long trade in the stock appears good. Investors have an opportunity to buy the stock and target the GBp 225.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at GBp 198.25 GBp in weekly data.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
The company is in a robust financial situation considering its net cash and margin position.
Historically, the company has been releasing figures that are above expectations.
Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
The stock is in a well-established, long-term rising trend above the technical support level at 198.25 GBp
The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 48.09 times its estimated earnings per share for the ongoing year.
For the last few months, analysts have been revising downwards their earnings forecast.
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