QinetiQ Group plc : The trend should continue
Entry price | Target | Stop-loss | Potential |
---|
GBX 381.6 |
GBX 421.58 |
GBX 351 |
+10.48% |
---|
The recent break-out to the upside has created potential for further gains for shares in QinetiQ Group plc.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● The company is in a robust financial situation considering its net cash and margin position.
● Historically, the company has been releasing figures that are above expectations.
● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● For several months, analysts have been revising their EPS estimates roughly upwards.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● The stock is in a well-established, long-term rising trend above the technical support level at 316.4 GBp
Weaknesses● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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