JCDecaux shares are closing back in on major support levels around 22.56 EUR based on daily price data, which could offer attractive entry points. Investors have an opportunity to buy the stock and target the € 27.1.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The share is getting closer to its long-term support in weekly data, at EUR 22.29, which offers good timing for buyers.
The close medium term support offers good timing for purchasing the stock.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
Analysts covering the stock have recently lowered their earnings forecast.
Below the resistance at 26.2 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
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