Millennium & Copthorne Hotels plc : The GBp 455.4 support area is tested
According to Surperformance rating, the company is an opportunity for a trading strategy. Moreover, brokers have revised upward their EPS estimates for this year.
Technically, the security fell sharply for several trading sessions. This fall has lead Millennium & Copthorne Hotels towards the GBp 455.4 support area which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the GBp 491 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest.
So as to make the most of a potential technical rebound of share price, it seems opportune to take a long position at the current price. A confirmation of this pattern would enable the security to reach the GBp 518 resistance, with a potential gain of 10.7%. Investors should not insist under GBp 455.4 and are better to place a stop loss order under this threshold.
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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17,7x |
14,5x |
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Capitalization / Revenue
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2,27x |
2,11x |
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EV / Revenue
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2,28x |
2,12x |
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EV / EBITDA
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9,84x |
8,81x |
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Yield (DPS / Price)
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2,52% |
2,62% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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19,0% |
19,9% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
1,71x |
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Net Margin (Net Profit / Revenue)
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13,8% |
13,3% |
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ROA (Net Profit / Asset)
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-26,0% |
- |
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ROE (Net Profit / Equities)
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4,91% |
5,99% |
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Rate of Dividend
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44,6% |
38,0% |
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