Keller Group plc : The uptrend is not over
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 990 | GBX 0 | GBX 963 | -100% |
The very good Surperformance© rating underline the company business predictability and its valuation level. EBITDA should rise about 7% in 2015. The current price shows a 31% potential to reach the consensus average target price.
Technically, the stock has been in a bullish trend for many months. It is currently on its lower trend line, near the GBp 987 significant support. The 100-day and 20-week moving averages are well oriented and should prevent any major drops from happening.
Consequently, investors may open a long position at current prices and target a rebound toward the GBp 1053 resistance. A stop loss order should be set at GBp 963.