The Restaurant Group could breakout the GBp 391 resistance in the short term.
From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.
Since several months, the stock has initiated a sharp bullish trend mainly due to strong fundamentals. The move could be continued, supported by the 20-day moving average, and return to its highest price levels.
Investors could take a buy position once prices will be above the resistance. A stop loss will be placed under GBp 379.3.
The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.
Owns and operates restaurants and pubsRestaurant Group Plc owns and operates restaurants and pubs.The company's brands include Frankie & Benny's, Chiquito, Garfunkel's, TRC Concessions, Joe's kitchen which offers restaurants and concessions in the United Kingdom airports.Restaurant Group was...