The British kitchen and joinery products seller has strong fundamentals brought to light by its Surperformance ratings. Sales and profitability are increasing. Thus revenue should grow of 26% by 2016 while net margin should reach an interesting 12.4% in 2016 from 10.4% this year. Moreover, the good business dynamic is showed by analysts largely revising upward their revenue and EPS estimations for the coming years. Furthermore, the group has a sound financial situation and is supported by a strong buy consensus from analysts following the stock.

From a technical viewpoint, after a long term bullish trend, share prices suffered an important correction, but lately, the stock started to rebound. Well oriented weekly moving averages support the idea that the breakout of the GBp 352.3 resistance level will signal the resume of its ascending trend.

Therefore, a long position could be taken over GBp 352.3. The target will then be GBp 392.1. A stop loss will be placed under the entry point in case of a more important correction phase.