Vodafone Group Plc : A buying opportunity
By Anas Boumedian
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 217.75 | GBX 0 | GBX 204.8 | -100% |
Fundamentals confirm the good health of the stock as analysts revisions are gradually higher concerning earnings per share. The average target price set by analysts suggests a 8.2% appreciation potential.
Technically, the uptrend in the medium and long term should cover the equity of a major downtrend. In the short term, the recent decline lead the share on the GBp 215.4 support, threshold tested before and likely to allow a significant technical rebound.
Consequently, most active investors could buy the equity near this price, targeting a return to GBp 239.9. A stop-loss order will be placed under the GBp 215.4 support.