Greencore Group plc : On a relevant threshold
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 339 | GBX 0 | GBX 329.9 | -100% |
The company enjoys an excellent Surperformance rating that underline the current valuation and the business predictability. The present share price displays a 5% upward potential to reach the consensus average target price. Large growth rates are expected for sales and EBITDA.
Technically, following a bullish wave, the stock has been evolving in a tunnel limited by the GBp 334.5/358 thresholds. The share is presently on the GBp 334.5 support and also on the 50-days moving average. In weekly data, MA remains well oriented. This key area could be a stepping stone for a forthcoming surge.
Consequently, investors may open a long position at current prices and target a reversal toward the GBp 358 resistance.
A stop loss order should be set at GBp 329.9.