Guerbet shares have returned to important technical levels around 62.9 EUR based on weekly price data. The timing seems attractive to be a buyer of this stock. Investors have an opportunity to buy the stock and target the € 72.5.
The share is getting closer to its long-term support in weekly data, at EUR 62.9, which offers good timing for buyers.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 61.8 support.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
According to forecast, a sluggish sales growth is expected for the next fiscal years.
Below the resistance at 72.5 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
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