Hennes & Mauritz : Buying pressure
08/28/2019 | 08:13am EST
Entry price :
188.56SEK | Target : 220SEK | Stop-loss : 172SEK | Potential : 16.67%
The recent break-out to the upside has created potential for further gains for shares in Hennes & Mauritz. Investors have an opportunity to buy the stock and target the SEK 220.
In a short-term perspective, the company has interesting fundamentals.
This company will be of major interest to investors in search of a high dividend stock. Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects. Over the last twelve months, the sales forecast has been frequently revised upwards. Within the weekly time frame the stock shows a bullish technical configuration above the support level at 150.25 SEK
Stock prices approach a strong long-term resistance in weekly data at SEK 191.6. 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 benefits from high valuations in earnings multiples. Most analysts agree on a negative opinion with regard to the stock. Indeed, the average consensus issues recommendations to underperform or sell. The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
Subsector Apparel & Accessories Retailers - NEC
1st jan. Capitalisation (M$) Investor Rating
HENNES & MAURITZ 46.80% 31 765
The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.
16 775 M
Net income 2019
13 045 M
12 010 M
P/E ratio 2019
P/E ratio 2020
EV / Sales2019
EV / Sales2020
Upcoming event on HENNES & MAURITZ
Number of Analysts
Average target price
Last Close Price
Spread / Highest target
Spread / Average Target
Spread / Lowest Target