Growth Focus: Webjet Limited (WEB)

by Patrick Taylor



Date of Data Capture: 24/02/2021

Name: WEBJET LIMITED (WEB)

Classification: Travel Agent

Current Price: $5.50

Market Capitalisation: $1.86 B

Forecast Sales Growth: 297.30%

Yield Estimate: 0.00%

Consensus Price Target: $4.72

# Covering Analysts: 9

Premium at Current Price: +12.10%

Price Target Trend (3-Month): Up-Flat +24.21%

Signal Timeframe: Quarterly-Monthly-Weekly

Trend Bias: Up-Down / Long-Medium

Indicators:
Short-term: Positive-Neutral
Medium-term: Positive
Long-term: Positive

Recommendation: Buy

Focus: Capital Growth

Set up Notes:
• Embattled travel agent WEB looks to continue tripping higher here as the prospects for the opening of the Global economy come closer, and there is a lot of room for recovery here.
• Last year the company saw its history of good and consistent sales and earnings growth collapse in lockdown losses, but forecasting is improving strongly with good growth potential.
• The chart tells the tale well, with a strong uptrend running from 2014 to the start of 2020, before being brutally crushed – here we find WEB on its 2nd recovery wave, breaking major resistance, setting up old targets higher above.
 Support ($): 5.00, 4.50, 4.00, 3.50 & 3.00.
 Resistance ($): 6.00, 7.00, 8.00, 10.00 & 12.00.

Disclaimer

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