After a graphical breathing stage, the share should regain momentum.

Forecast are optimistic, sales should keep their steady growth and the operating income is expected to increase in the same proportion, around 30%. Many major investment banks recently raise their prices target in a range going from 1150 to 1450 pence. In the same way, Thomson Reuters consensus average target price shows a +20% potential.

Technically, several arguments militate for an acceleration of the share. The stock is evolving in a bullish channel, near its lower trendline in weekly data as well as in daily data. It is on its GBp 1070 short term support area. In this configuration, investors can take a long position at current prices to expect a technical rebound, and target a speedup toward the GBp 1190 resistance. A stop loss should be set at GBp 1040.