British Land Company PLC : Benefit from the uptrend
Entry price | Target | Stop-loss | Potential |
---|
GBX 832.5 |
GBX 0 |
GBX 817 |
-100% |
---|
British Land Company has still an uptrend and is going toward its highest level.
The company has a very low valuation with a P/E ratio of 4.54x for 2015. Moreover, analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.
Technically, the security is in an uptrend on all time scales. A slight correction was induced by the contact with the trendline. Prices seem to have found a support on the 20 day moving average, that is stopping the bearish fluctuations. It is likely to allow a technical rebound towards the recent highs.
Thanks to these good indicators, it seems relevant to take a long position in British Land Company. The target price will be set at the trendline around GBp 860. A stop loss will be set under the current position of the 20-day moving average.
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