Klépierre
LI
Real-time Euronext Paris - 11/22 05:39:58 pm
34.895EUR
+0.58%

Back on price levels to sell

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Jordan Dufee
 

Strategy published on : 11/10/2017 | 09:49

short sell
Live

Entry price : 34.545€
Target : 32.3€
Stop-loss : 35.5€
Potential : 6.5%

After the strong price increase that has been seen over the past few weeks, it appears opportune to anticipate a correction phase for shares in Klépierre, as the resistance around 34.9 EUR approaches.
Summary

● The company has poor fundamentals for a short-term investment strategy.


Strengths

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

● Historically, the company has been releasing figures that are above expectations.

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

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

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

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

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


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● The stock is close to a major daily resistance at EUR 34.9, which should be gotten rid of so as to gain new appreciation potential.

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

● One of the major weak points of the company is its financial situation.

● The company's "enterprise value to sales" ratio is among the highest in the world.

● Below the resistance at 35.27 EUR, the stock shows a negative configuration when looking looking at the weekly chart.

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