● The company has solid fundamentals for a short-term investment strategy.
Strengths
● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 23.36 EUR in weekly data.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 24.26 support.
● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses
● The firm trades with high earnings multiples: 23.16 times its 2018 earnings per share.
● Analysts covering the stock have recently lowered their earnings forecast.
● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 30 EUR