WS Atkins PLC : Rebound on the GBp 1500 support
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 1,512 | GBX 1,736.9 | GBX 1,485 | +14.87% |
The valuation levels remain intact with an attractive valuation level (Ev/Sales ratio at 0.75x for the current year).
Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in weekly data, and enclose the stock in a dynamic upward trend. Moreover, the proximity of the lower band of the GBp 1500/1580 trading range offers an interesting entry point.
Investors could open a long trade near the GBp 1500 with a target price on recent highs at GBp 1580. A stop loss will be placed at GBp 1485.