The group has strong fundamentals and qualitative Surperformance ratings. Revenues and margin are increasing, and analyst’s previsions show that this trend will not slow down. Thus, sales are expected to grow by 11%. Moreover, the financial situation is sound, the company managed to reduce its leverage of 75% reaching 0.37 at the end of 2013. Furthermore, EPS have been largely revised upward by Thomson-Reuters analysts, proving the good dynamic of the activity.

Technically, the stock prices evolve in a trading range between CAD 65.6 and CAD 68.2. The last consolidation phase has brought the stock near its support line. A reversal movement could happen, launching the stock back to the CAD 68 area.

Considering strong fundamentals and technical configuration, active investors could take a long position at the current prices. The first target will be CAD 68 and then the historical high at CAD 72. A stop loss will be place at CAD 64.35, sign of a downward break of the trading range.