Home Tips & Guides The Construction & Materials Company Trading at 7.2x 2017e Forward Earnings

The Construction & Materials Company Trading at 7.2x 2017e Forward Earnings

The Construction & Materials Company Trading at 7.2x 2017e Forward Earnings

Buy Note: Construction & Materials Company Forming Uptrend

Is this a value investor’s dream?

Key Considerations:

  • The forecast P/E for the year to March 2017 is currently 7.2X

  • Prices have respected support at the 78.6% Fibonacci retracement

  • Operates in the UK and South Africa

  • With reference to the weekly chart, prices have respected support at the long-term uptrend line, which is
    bullish

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