The recent downward movement has sent Krones AG shares back to attractive levels situated around 67 EUR. This zone could put an end to the downward movement and offers a good timing for new long positions. Investors have an opportunity to buy the stock and target the € 72.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
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 67 EUR in weekly data.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 67 support.
The group usually releases upbeat results with huge surprise rates.
The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.49 for the 2019 fiscal year.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
For the past year, analysts have significantly revised downwards their profit estimates.
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