N Brown Group shares are likely to persevere their bullish trend.

The company displays an attractive valuation with a P/E ratio of 13.8x for 2016 and an increasing profitability (Net Margin should hike from 7.98% to 9.91%).

The stock remains rooted in a bullish trend on the short term. Since several weeks, prices are increasing, crossing up the downward trendline and their moving averages, positively oriented. The bullish movement is likely to continue in order to reach the GBp 456.8 resistance.

Due to those elements, traders can open a long position on the stock to target GBp 456.8. A stop loss will be placed under the GBp 407.5 pivot point.