Crest Nicholson Holdings plc : A likely rebound
By Anas Boumedian
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 435.12 | GBX 0 | GBX 419 | -100% |
The company displays a low valuation with a P/E ratio of 9.49x for 2015. Eps are expected to rise by 20% this year. Moreover, analysts covering the stock keep upgrading their EPS estimates.
Technically, the stock evolves in a bullish trend on all time scales. Prices came back on the GBp 432.3 support, tested previously. This threshold is likely to allow a technical rebound towards the recent highs at GBp 455.
Therefore, investors can open a long position on the stock to target GBp 455. The stop loss will be placed under the current support.