Engie
ENGI
Real-time Euronext Paris - 08/18 05:35:48 pm
14.15EUR
-0.35%

Close to new upside potential

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Anas Lozach
 

Strategy published on : 08/09/2017 | 09:51

long trade under condition
Live

Entry price : 14.025€
Target : 15€
Stop-loss : 13.4€
Cancellation Level : 13€
Potential : 6.95%

Engie shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated.
Summary

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 14.13 for the current year.

● This company will be of major interest to investors in search of a high dividend stock.

● Analysts covering this company mostly recommend stock overweighting or purchase.


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 14.62.

● Technically, the stock approaches a strong medium-term resistance at EUR 14.03.

● According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

● The company's earnings releases usually do not meet expectations.

● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

Zonebourse.com 2017
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