Bénéteau
BEN
Real-time Euronext Paris - 11/22 01:36:02 pm
18.2EUR
+1.14%

Good timing to anticipate the return of volatility

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Anaïs Lozach
 

Strategy published on : 07/13/2017 | 09:20

long trade
Stop-loss triggered

Entry price : 15.18€
Target : 17€
Stop-loss : 14.4€
Potential : 11.99%

From a horizontal accumulation phase, the timing seems good to buy shares in Bénéteau and to get ahead of a break-out on the upside of the congestion area.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● As regards fundamentals, the enterprise value to sales ratio is at 1 for the current period. Therefore, the company is undervalued.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The tendency within the weekly time frame is positive above the technical support level at 11.6 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 15.89.

● The firm trades with high earnings multiples: 24.95 times its 2017 earnings per share.

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