Smiths News plc : Trading opportunity
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 211.75 | GBX 0 | GBX 204.3 | -100% |
Valuation level is low as shown by the P/E ratio of 10.25 for the current year and 9.25 for 2015.
"Surperformance" ratings define the company as a very good stock for a trading strategy.
Smiths News is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. The share is in a consolidation phase near the GBp 207 support which give argument for a bullish strategy.
Consequently, we expect a decline toward GBp 207. The most active investors can buy the share in this area and target a return toward GBp 223.5. A stop loss can be placed under the GBp 207 support.