Walt Disney Company (The) : Have a ride on the merry-go-round
Entry price | Target | Stop-loss | Potential |
---|
US$43.84 |
US$50 |
US$41.4 |
+14.05% |
---|
The Walt Disney Company is a leading diversified international family entertainment and media enterprise with four segments: media networks, parks and resorts, studio entertainment and consumer products.
Walt Disney is ranked by FTSE, as third company in North America and among five first companies in the world for entertainment and media sector for ESG (environmental, social and governance) rating. The company seems correctly valued with a price earnings ratio of 14.7x, according to Thomson Reuters’ consensus.
Technically, the share is in a bullish trend supported by the moving averages. In weekly data the share is testing important level of USD 43.56 hit in 2010. This price is also an historical highest level. For past few trading session the share is within a trading range between 42.7 and 44.4 USD. The breakout of upper bound of this range could give new impetus to stock, with a target price of USD 50. We suggest a stop loss at USD 41.4 in order to cover the position.
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