KINDRED GROUP PLC

KIND SDB
Real-time Estimate Quote. Real-time Estimate  - 05/14 06:04:59 am
138.175SEK -2.32%

Kindred Group plc : The trend should regain control

05/03/2021 | 02:54am
Nicolas Aleksy
Contributor / Partner

Strategy published on : 05/03/2021 | 02:54

long trade
Stop-loss triggered

Entry price : 148SEK
Target : 164SEK
Stop-loss : 141.3SEK
Potential : 10.81%

The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend.
Investors have an opportunity to buy the stock and target the SEK 164.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The group's high margin levels account for strong profits.

● The company is in a robust financial situation considering its net cash and margin position.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 121.29 for the current year.

● This company will be of major interest to investors in search of a high dividend stock.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Over the last seven days, analysts have been revising upwards their EPS estimates 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.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 92.8 SEK


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at SEK 157.4.

● The stock is close to a major daily resistance at SEK 164, which should be gotten rid of so as to gain new appreciation potential.

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