Real-time Euronext Paris - 03/19 05:35:16 pm

A medium term support level to take advantage of

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Anas Lozach

Strategy published on : 03/06/2018 | 08:46

long trade

Entry price : 7.415€
Target : 9€
Stop-loss : 6.4€
Potential : 21.38%

The support at 7.17 EUR, which is currently being tested, should allow Derichebourg shares to move back to the upside.

● 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 2018
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