The recent downturn has taken boohoo group plc shares close to a medium term support level around 157.5 GBX. The timing for a long trade in the stock appears good. Investors should buy the stock at current prices near GBX 180 in order to target the GBX 285.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
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 GBX 180 GBX in weekly data.
Graphically speaking, the timing seems perfect for purchasing the stock close to the GBX 157.5 support.
The prospective high growth for the next fiscal years is among the main assets of the company
The company is in a robust financial situation considering its net cash and margin position.
The group usually releases upbeat results with huge surprise rates.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
For several months, analysts have been revising their EPS estimates roughly upwards.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
The firm trades with high earnings multiples: 32.04 times its 2021 earnings per share.
For the past seven days, analysts have been lowering their EPS expectations for the company.
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