boohoo group plc shares are closing back in on major support levels around 258.4 GBp based on daily price data, which could offer attractive entry points. Investors should buy the stock at current prices near GBX 258.4 in order to target the GBX 315.4.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.
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.
Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
Over the last twelve months, the sales forecast has been frequently revised upwards.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 225.5 GBp
The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 61.52 times its estimated earnings per share for the ongoing year.
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