According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.74 times its sales. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of GBp 26.6 per share for the current year.
Stagecoach Group is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level. This threshold, if preserved, will enable to enjoy the bullish movement.
Investors should buy the stock close to GBp 262/265.7 to take advantage of a new upward acceleration in the direction of GBp 297.2. A stop loss is placed under GBp 261.9.