Vanquis Banking Group plc : Reversal movement
January 28, 2014 at 04:03 am EST
By
Entry price | Target | Stop-loss | Potential |
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GBX 1,643 |
GBX 0 |
GBX 1,573 |
-100% |
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Provident Financial Group is a door-to-door lending specialist with presence in 6 Europeans countries and in Mexico.
For this stock, Sales and Net Income are expected to steadily increase this year at 4% and 16% respectively. On the other hand, its P/E Ratio is estimated at 13.0, a slightly lower than the current year. Moreover, revisions on EPS and Revenues show a mainly unchanged level since the end of last year.
In consistency with short and midterm moving averages, the stock could rebound after touching the support of GBp 1060. A trendline is also giving arguments for an upward movement in the next trading sessions.
Considering this information, an investor could take a long position above GBp 1606, keeping in mind that a full-year results announcement is expected by 25 February. A stop loss will be under GBp 1600 with a target price of GBp 1773.
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