A medium term support level to take advantage of
Strategy published on : 03/06/2018 | 08:46
Entry price : 7.415€
Target : 9€
Stop-loss : 6.4€
Potential : 21.38%
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
● 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 6.38 EUR in weekly data.
● The close medium term support offers good timing for purchasing the stock.
● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● The stock, which is currently worth 2018 to 0.39 times its sales, is clearly overvalued in comparison with peers.
● With a P/E ratio at 13.14 for the current year and 11.85 for next year, earnings multiples are highly attractive compared with competitors.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● For the past twelve months, EPS forecast has been revised upwards.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 6.38 EUR