boohoo group plc shares are reaching an interesting resistance zone. The current technical chart pattern suggests that a breach of this level could lead to new upside potential. Investors should benefit from the breakout of the GBX 420 level to target the GBX 495.
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.
For the past twelve months, EPS forecast has been revised upwards.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
Analysts covering this company mostly recommend stock overweighting or purchase.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 276 GBX
Stock prices approach a strong long-term resistance in weekly data at GBX 413.
Technically, the stock approaches a strong medium-term resistance at GBX 415.
With an expected P/E ratio at 60.48 and 41.8 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
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