Attractive timing with a long term view to go long again
Strategy published on : 04/12/2018 | 09:01
Entry price : 13.23€
Target : 15€
Stop-loss : 12.3€
Potential : 13.38%
● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 13.17 EUR in weekly data.
● The close medium term support offers good timing for purchasing the stock.
● The group's activity appears highly profitable thanks to its outperforming net margins.
● Its low valuation, with P/E ratio at 9.99 and 9.19 for the ongoing fiscal year and 2019 respectively, makes the stock pretty attractive with regard to earnings multiples.
● The company is one of the best yield companies with high dividend expectations.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 14.25 EUR