thedailyinvestor

The Brink’s Co Setup

Panjang
NYSE:BCO   Brinks Company (The)
BCO provides secure transportation, cash management, and other security related services in North America, Latin America, Europe, and internationally. The EPS growth (TTM vs Prior TTM) is 500% and there has been significant buying by CFO, James Domanico for a total of 130,327 share for a total market value of $5MM as recent as 7/12/22.

We are around 2% above the 52 week low with high volume. Our support is around the $53.70, which I marked based on the significant volume spike on the 11th of may 2022. Based on this I would say we have a good risk to reward ratio of 2.0+ for a long position.

According to 2 analysts from Thomson Reuters/Verus, the 12 month price target for BCO is the following:
Mean- $92.50 or roughly 69% gain
High- $96.00
Low- $89.00

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