(News Bulletin 247) – The group has just announced an increase in its objectives for 2023. Virbac now forecasts growth in its turnover of 2% to 4% for this year at constant exchange rates and scope, compared to a range previous ranging from 0% to 4%. Revenue was up 7.8% year-on-year at constant exchange rates and scope.
KEY GRAPHIC ELEMENTS
The stock has been supported by buying volumes for several sessions and is above long-term support. We will seek to position ourselves as close as possible to €250 to aim for a rebound in the stock towards the €320 price level, where a gap has been left open by the market.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on VIRBAC stock in the near term.
Active investors will take a purchase position on VIRBAC shares at a price of €296,000 with a target of €320,000 in their sights. They will protect their capital by placing a stop at €232,000.
News Bulletin 247 advice
DAILY DATA CHART
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