LondonMetric Property Plc : The trend should continue
Entry price | Target | Stop-loss | Potential |
---|
GBX 162.7 |
GBX 0 |
GBX 157 |
-100% |
---|
The long term tendency should go on.
Fundamentally, Thomson Reuters’ consensus EPS estimates have been largely revised upward. EBITDA should increase of about 15%. Share’s present and expected yields are high, over 4%. Moreover, the P/E ratio is quite low, around 6.3x.
Technically, the security consolidated around the GBp 163 short term resistance. Moving averages are well oriented. The stock is now trading near the GBp 163 pivot point. If the stock closes over this threshold, it could be a signal for further evolution toward the upper trend line.
Investors could watch this stock to wait for this buying signal to happen. Then a target could be the GBp 174.10 area. A stop loss should be set at GBp 157.
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