Pernod Ricard
RI
Real-time Euronext Paris - 07/25 10:54:44 am
115.3EUR
+0.52%

Helped by a technical support level

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Jordan Dufee
 

Strategy published on : 07/13/2017 | 09:33

long trade
Stop-loss triggered

Entry price : 116.75€
Target : 121€
Stop-loss : 114.5€
Potential : 3.64%

Pernod Ricard shares are closing back in on major support levels around 114.75 EUR based on daily price data, which could offer attractive entry points.
Strengths

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

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

● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The tendency within the weekly time frame is positive above the technical support level at 110 EUR


Weaknesses

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

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

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

● With an enterprise value anticipated at 4.33 times the sales for the current fiscal year, the company turns out to be overvalued.

Zonebourse.com 2017
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