GTT - Gaztransport e
GTT
Real-time Euronext Paris - 11/17 05:35:25 pm
44.325EUR
+0.29%

A medium term support level to take advantage of

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Anas Lozach
 

Strategy published on : 11/07/2017 | 09:22

long trade
Live

Entry price : 42.01€
Target : 46.2€
Stop-loss : 39.9€
Potential : 9.97%

Pursuant to the correction that has taken place in recent weeks with respect to the shares in GTT - Gaztransport et Technigaz, further downside risk now appears limited by close and important technical support levels at 40.51 EUR.
Strengths

● The share is getting closer to its long-term support in weekly data, at EUR 39.64, which offers good timing for buyers.

● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 40.51 support.

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● With a P/E ratio at 12.87 for the current year and 13.64 for next year, earnings multiples are highly attractive compared with competitors.

● The company is one of the best yield companies with high dividend expectations.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The tendency within the weekly time frame is positive above the technical support level at 39.64 EUR


Weaknesses

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

● Based on current prices, the company has particularly high valuation levels.

● Most analysts recommend that the stock should be sold or reduced.

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