WS Atkins is back on its support area and this could be a strategic entry point.

The company displays solid fundamentals with a low valuation and a strong profitability. Analysts have revised upward their EPS revisions and target a price of GBp 1440 on average.

The area of the GBp 1261 support should enable the stock to have a new bullish trend. The long term support in this area confirms its relevance. Above these levels, a technical rebound is likely to happen, to allow a return toward the short and mid-term resistances.

As a result, active investors can take immediately a long position in WS Atkins stock. The target price is GBp 1336 and in case of breakout of this level, the second target price would be GBp 1380 (on the trendline). If there is a breakdown of the GBp 1261 support, investors should close their positions.