Thales
HO
Real-time Euronext Paris - 07/20 05:35:02 pm
113.45EUR
+0.27%

The underlying trend is to the upside

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Anas Lozach
Analyst

Strategy published on : 04/16/2018 | 09:22

long trade
Target price hit

Entry price : 101.6€
Target : 105€
Stop-loss : 99.9€
Potential : 3.35%

The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend.
Investors have an opportunity to buy the stock and target the € 105.

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

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

● As regards fundamentals, the enterprise value to sales ratio is at 1.13 for the current period. Therefore, the company is undervalued.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 92.92 EUR


Weaknesses

● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

Zonebourse.com 2018
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