Vistry Group PLC : Solid financials and growth forecasts
Entry price | Target | Stop-loss | Potential |
---|
GBX 860 |
GBX 0 |
GBX 822 |
-100% |
---|
Bovis Homes Group has recently broke out the downward trendline which contained the share until now.
Fundamentals show great growth potential on Bovis Homes Group joined to a sound financial situation. Sales forecasts are encouraging as suggested by the Thomson-Reuters consensus. For example EPS are expected to grow by 74% between 2013 and 2014 as much as margins are improving year after year.
From a technical viewpoint, the share has recently broke out the downward trendline which provide a strong signal of bullish movement. Indeed the long term upward trendline should support the rise. Moreover moving averages are well established and confirm this bullish scenario continuity.
In order to set targets we will base our analysis on weekly data.
Regarding fundamentals and technical situation, active investors can open a long position at the current price in order to reach the long term resistance at GBp 932.5. A stop loss should be placed under the long term pivot point at GBp 830.
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