SHAFTESBURY

SHB
Real-time Estimate Quote. Real-time Estimate  - 08/05 11:30:00 am
526.75GBX +3.49%

Shaftesbury : The downward trend is still in force

Nicolas Aleksy
Contributor / Partner

Strategy published on : 07/31/2020 | 04:13

short sell
Stop-loss triggered

Entry price : 501GBX
Target : 465GBX
Stop-loss : 520GBX
Potential : 7.19%

The declining trend in the stock price that has been seen for a number of trading sessions, should not be expected to reach a turning point over the coming days.
Investors should open a short trade and target the GBX 465.

Summary

● In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.

● The company has poor fundamentals for a short-term investment strategy.


Strengths

● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at GBX 490 GBX in weekly data.

● The close medium term support offers good timing for purchasing the stock.


Weaknesses

● The company has insufficient levels of profitability.

● One of the major weak points of the company is its financial situation.

● The company's earnings releases usually do not meet expectations.

● The company's "enterprise value to sales" ratio is among the highest in the world.

● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.

● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.

● For the past seven days, analysts have been lowering their EPS expectations for the company.

● For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.

● For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.

● Most analysts recommend that the stock should be sold or reduced.

● The underlying tendency is negative on the weekly chart below the resistance at 673.5 GBX

MarketScreener.com 2020
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