Greencore Group plc : Price acceleration in sight
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 325.6 | GBX 0 | GBX 313 | -100% |
The company has an excellent Surperformance rating that underlines the attractive valuation and the business predictability. The current share quote displays a +13% upward potential to reach the consensus average target price. Large growth rates are expected for sales and EBITDA.
Greencore Group shows a bullish configuration in the medium and long term. In weekly data, moving averages remain well-oriented. The current pattern shows a trend that remains very progressive, nevertheless, a contact upon the GBp 358 resistance brought back the stock on its short term support zone. This area is strengthen by the rising 100-day moving average.
Consequently, investors may open a long position at current prices and target a reversal toward the weekly resistance at GBp 351. A stop loss order should be set at GBp 313.