Manitou Group
MTU
Real-time Euronext Paris - 06/25 05:35:01 pm
31.75EUR
-1.55%

Close to a support level

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Patrick Rejaunier
Equity Analyst

Strategy published on : 03/14/2018 | 09:07

long trade
Target price hit

Entry price : 32.6€
Target : 34.85€
Stop-loss : 31.19€
Potential : 6.9%

The Manitou Group share is coming back to a technical support zone comprising the lower bound of the trading range. This provides a good timing to go long on the stock.
Investors have an opportunity to buy the stock and target the € 34.85.

Summary

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

● In a short-term perspective, the company has interesting fundamentals.


Strengths

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

● As regards fundamentals, the enterprise value to sales ratio is at 0.79 for the current period. Therefore, the company is undervalued.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

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

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

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

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

● The tendency within the weekly time frame is positive above the technical support level at 30.5 EUR


Weaknesses

● Analysts covering the stock have recently lowered their earnings forecast.

Zonebourse.com 2018
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