Fresenius
FRE
Real-time TRADEGATE AG - 06/20 09:57:09 am
68.54EUR
+0.15%

Close to an important medium term support level

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Ulrich Ebensperger
Financial Analyst

Strategy published on : 03/07/2018 | 11:12

long trade
Stop-loss triggered

Entry price : 62.76€
Target : 70.48€
Stop-loss : 60.58€
Potential : 12.3%

The recent downward movement has sent Fresenius shares back to attractive levels situated around 60.58 EUR. This zone could put an end to the downward movement and offers a good timing for new long positions.
Investors have an opportunity to buy the stock and target the € 70.48.

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 60.6 EUR in weekly data.

● The close medium term support offers good timing for purchasing the stock.

● 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 company is in debt and has limited leeway for investment

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.

Zonebourse.com 2018
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