BT Group plc : The bears are taking over
Entry price | Target | Stop-loss | Potential |
---|
GBX 334.6 |
GBX 302.1 |
GBX 356 |
+9.71% |
---|
The underlying trend is clearly bearish for stocks in BT Group plc. This should continue to be the case over the coming trading sessions.
Strengths● The company returns high margins, thereby supporting business profitability.
● The group usually releases upbeat results with huge surprise rates.
● With a P/E ratio at 13.99 for the current year and 12.5 for next year, earnings multiples are highly attractive compared with competitors.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
● For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
● For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
● The underlying tendency is negative on the weekly chart below the resistance at 366.9 GBp
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