BNP Paribas shares are reaching an interesting resistance zone. The current technical chart pattern suggests that a breach of this level could lead to new upside potential. Investors should benefit from the breakout of the € 54 level to target the € 59.
The group's high margin levels account for strong profits.
The group usually releases upbeat results with huge surprise rates.
Its low valuation, with P/E ratio at 8.12 and 8.13 for the ongoing fiscal year and 2021 respectively, makes the stock pretty attractive with regard to earnings multiples.
This company will be of major interest to investors in search of a high dividend stock.
Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 46.49 EUR
Technically, the stock approaches a strong medium-term resistance at EUR 53.58.
With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
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