Mersen
MRN
Real-time Euronext Paris - 06/18 05:35:29 pm
35.5EUR
-1.39%

Back on a long term support level

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Anas Lozach
Analyst

Strategy published on : 06/11/2018 | 09:00

long trade
Live

Entry price : 35.05€
Target : 39€
Stop-loss : 33.45€
Potential : 11.27%

Mersen shares have returned to important technical levels around 35.22 EUR based on weekly price data. The timing seems attractive to be a buyer of this stock.
Investors have an opportunity to buy the stock and target the € 39.

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

● The share is getting closer to its long-term support in weekly data, at EUR 35.22, which offers good timing for buyers.

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

● 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.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 35.22 EUR


Weaknesses

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

● The group usually releases earnings worse than estimated.

Zonebourse.com 2018
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