Growth Focus: Wagners Holding Company Limited (WGN)

by Patrick Taylor




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.

Disclaimer

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