Date of Data Capture:
29/04/2021
Name:
WAGNERS HOLDING CO LTD (WGN)
Classification:
Construction Materials
Current Price:
$2.31
Market Capitalisation:
$432 M
Forecast EBITDA Growth:
17.32%
Yield Estimate:
1.68%
Consensus Price Target:
$2.39
# Covering Analysts:
4
Discount at Current Price:
-3.46%
Price Target Trend (3-Month):
Up +59.33%
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:
• Construction materials and services operator WGN is firming up here after a major two year consolidation, rallying from deep support with strong forecasting and good analyst sentiment.
• Earning peaked in 2019 and the stock was weak going into 2020 before the Covid slump caused margins and profits to collapse, but a strong recovery is predicted this year and out to 2023.
• A strong start soon gave way to a brutal 80% pullback before finding price support mid-2020, rallying through linear resistance levels and setting up a run towards old highs above $2.00.
Support ($): 2.25, 2.00, 1.75, 1.50, 1.25 & 1.00.
Resistance ($): 2.50, 3.00, 3.50, 4.00 & 4.50.
