Bright outlook and a recent sharp drop as arguments.

Financials forecast are encouraging, sales and EBITDA should keep a 2 digits growth. Moreover, the consensus is very optimistic, the average target price shows a +36% potential. In addition none analyst has a “sell” opinion. The current P/E ratio is below the industry average.

The share has been evolving in a slight downtrend for many months. Moving averages are flat and technical indicators illustrate the oversold situation. The stock is presently near its lower trend line, which was successfully tested. Furthermore, the closeness of the GBp 840 long term support militate also for a forthcoming reversal.
Consequently, investors may open a long position at current prices and target the GBp 985 mid-term resistance. A stop loss should be set below the GBp 825 daily support.