Groupe ADP shares have returned to important technical levels around 153 EUR based on weekly price data. The timing seems attractive to be a buyer of this stock. Investors should buy the stock at current prices near € 152 in order to target the € 165.
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 153 EUR in weekly data.
The group's high margin levels account for strong profits.
Historically, the company has been releasing figures that are above expectations.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
Weaknesses
According to forecast, a sluggish sales growth is expected for the next fiscal years.
The company is in a hindered financial situation with significant debt and rather low EBITDA levels.
With an enterprise value anticipated at 4.46 times the sales for the current fiscal year, the company turns out to be overvalued.
The firm trades with high earnings multiples: 25.44 times its 2019 earnings per share.
Below the resistance at 172.4 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
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