The underlying tendency is to the upside for shares in Edenred and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated. Investors have an opportunity to buy the stock and target the € 50.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.
The group's activity appears highly profitable thanks to its outperforming net margins.
Over the last twelve months, the sales forecast has been frequently revised upwards.
The stock is in a well-established, long-term rising trend above the technical support level at 42.05 EUR
Stock prices approach a strong long-term resistance in weekly data at EUR 46.93.
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
The company's "enterprise value to sales" ratio is among the highest in the world.
The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 35.39 times its estimated earnings per share for the ongoing year.
The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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