GoCo Group plc is close to a major resistance level, whereby the breach of this level could be considered as a buy signal. This reflects our preferred scenario in light of the stock's current technical chart pattern. Investors should benefit from the breakout of the GBX 92.3 level to target the GBX 104.5.
Summary
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths
Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.
The group's high margin levels account for strong profits.
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.
Weaknesses
Stock prices approach a strong long-term resistance in weekly data at GBX 105.
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
The group usually releases earnings worse than estimated.
The company is not the most generous with respect to shareholders' compensation.
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