The upward trend could spur Greencore in coming sessions.

The company has strong fundamentals, and those qualities are reflected in its Surperformance ratings. Sales are progressing, +50% since 2011, and so is profitability as net margin reached 5.9%, +156% over the same period. Moreover, the group is able to deleverage its financial situation. Thus, leverage should be around 2 while it was more than 3 times EBITDA in 2011. Furthermore, EPS and revenue have been largely revised upward in the recent months showing the good business dynamic in which the company is.

The stock is in an uptrend in the medium and long term, although, the last bearish movement has thrown it back near a major support level. This level represents an opportunity as the stock could enter into a bullish trend help by its recent upward revisions.

Thus, investors could take advantage of the current prices level to buy Greencore. The targets will be set at GBp 266.8 and GBp 300. The stop loss will be triggered below the GBp 238 support.