Booker Group shows an important appreciation potential.

From a fundamental point of view, the British wholesale operator posted recently higher first-half profit and raised dividend by 16%. Indeed, Surperformance ratings underline its strong, regular and growing financial. Furthermore, analysts’ consensus regarding the target price is set at GBp 173, which represents a good gain potential.

Technically, the security has recently filled its bearish gap and seems to have crossed its 137,05 short term resistance. This level could stimulate the upward movement. Also, the moving averages are now giving an upward signal with the crossing of the 50-day by the 20-day.

Active investors could open a long position on the current price to target a return to the GBp 144,50 resistance. However, a stop loss should be placed above the GBp 137.1.