Europcar Groupe
EUCAR
Real-time Euronext Paris - 06/25 05:35:00 pm
8.97EUR
-4.37%

Good timing to go long again

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Jordan Dufee
Analyst

Strategy published on : 03/14/2018 | 08:42

long trade
Stop-loss triggered

Entry price : 10.12€
Target : 11.5€
Stop-loss : 9.6€
Potential : 13.64%

The technical support around 9.89 EUR emanating from daily closing prices could trigger a technical rebound for Europcar Groupe shares.
Investors have an opportunity to buy the stock and target the € 11.5.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● 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 9.63 EUR in weekly data.

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● As regards fundamentals, the enterprise value to sales ratio is at 0.93 for the current period. Therefore, the company is undervalued.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● Sales forecast by analysts have been recently revised upwards.

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

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


Weaknesses

● The group shows a rather high level of debt in proportion to its EBITDA.

● For the last four months, EPS estimates made by Thomson-Reuters analysts have been revised downwards.

Zonebourse.com 2018
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