JCDecaux
DEC
Real-time Euronext Paris - 04/23 05:35:11 pm
29.04EUR
-1.96%

Good timing based on weekly price data

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Anas Lozach
Analyst

Strategy published on : 04/13/2018 | 09:04

long trade
Live

Entry price : 28.38€
Target : 32€
Stop-loss : 26.5€
Potential : 12.76%

The decline over the past weeks has brought the price of JCDecaux shares back to an important technical support level at 27.73 EUR. This represents an opportunity to take advantage of these prices levels.
Strengths

● The share is getting closer to its long-term support in weekly data, at EUR 27.73, which offers good timing for buyers.

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

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

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

● With a 2018 P/E ratio at 25.33 times the estimated earnings, the company operates at rather significant levels of earnings multiples.

Zonebourse.com 2018
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