Eiffage
FGR
Real-time Euronext Paris - 12/12 09:30:27 am
91.65EUR
-0.19%

There is still some upside potential

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Jordan Dufee
Analyst

Strategy published on : 12/05/2017 | 09:31

long trade
Live

Entry price : 93.05€
Target : 105€
Stop-loss : 86.8€
Potential : 12.84%

The timing appears opportune to go long in shares of Eiffage as we anticipate another pick-up in the underlying trend.
Summary

● 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.


Strengths

● 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 group usually releases upbeat results with huge surprise rates.

● Sales forecast by analysts have been recently revised upwards.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● The stock is in a well-established, long-term rising trend above the technical support level at 79 EUR


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.

● One of the major weak points of the company is its financial situation.

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