|Contributor / Partner
Strategy published on : 01/14/2021 | 04:28
Entry price : 2044GBX
Target : 2490GBX
Stop-loss : 1945GBX
Potential : 21.82%
The timing appears opportune to go long in shares of Ultra Electronics as we anticipate another pick-up in the underlying trend.
Investors have an opportunity to buy the stock and target the GBX 2490.
● 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.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The group usually releases upbeat results with huge surprise rates.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.