Rheinmetall
RHM
Delayed Frankfurt - 11/23 05:35:39 pm
105.25EUR
+2.93%

Expect the comeback of a strong trend

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Jordan Dufee
 

Strategy published on : 09/08/2017 | 09:41

long trade
Target price hit

Entry price : 89.8€
Target : 96.5€
Stop-loss : 86.7€
Potential : 7.46%

Rheinmetall shares are locked into a trading range. This phase will eventually have to end with a return of a clear trend.
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 stock, which is currently worth 2017 to 0.71 times its sales, is clearly overvalued in comparison with peers.

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

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 73.75 EUR

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