ITE Group shows strong fundamentals on a sector that improves continuously.

From a fundamental viewpoint, the company seems overvalued with EV/Revenues of 3.89. Analyst’s revisions on EPS and Revenues show upward movements. The group is currently paid 20 times the results. It’s a growth stock with increasingly expected earnings.

Technically the stock is going through the GBp 300 to 320 range for few months with a constant up and down tendency. Well-oriented, daily and weekly moving average are giving credit to an upward movement. The target of a bullish position is the GBp 322 resistance which corresponds to mid-term expectations.

With positive technical pattern and strong fundamentals, active investors can take a long position above GBP 307. The downside potential is very limited; the timing seems good to pull out some stable benefits. Goals are fixed at GBP322 in first place.