Rio Tinto
RIO
Delayed London Stock Exchange - 11/22 05:35:04 pm
3633GBp
+1.68%

The technical configuration is positive

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Jordan Dufee
 

Strategy published on : 11/07/2017 | 09:01

long trade
Stop-loss triggered

Entry price : 3785£
Target : 4200£
Stop-loss : 3560£
Potential : 10.96%

Rio Tinto's shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Summary

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

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


Strengths

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

● The company is in a robust financial situation considering its net cash and margin position.

● 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.

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

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the past twelve months, EPS forecast has been revised upwards.

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

● The stock is in a well-established, long-term rising trend above the technical support level at 3353 GBp


Weaknesses

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

● The company's earnings releases usually do not meet expectations.

Zonebourse.com 2017
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