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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Nexans    NEX   FR0000044448

NEXANS

(NEX)
  Report  
Real-time Quote. Real-time Tradegate - 11/18 02:27:10 am
36.15 EUR   +0.25%
11/08NEXANS : A resistance level that suggests downside risk
11/07NEXANS : 2019 third quarter financial information
PU
11/07NEXANS : 2019 third quarter financial information
GL
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Nexans : A resistance level that suggests downside risk

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11/08/2019 | 03:05am EST
short sell
Live
Entry price : 35.58€ | Target : 33.4€ | Stop-loss : 37.65€ | Potential : 6.13%
Shares in Nexans are trading close to a major resistance level situated around 37.36 EUR, which limits upside potential and could cause a corrective move to the downside.
Investors should open a short trade and target the € 33.4.
Nexans : Nexans : A resistance level that suggests downside risk
Strengths
  • The stock, which is currently worth 2019 to 0.45 times its sales, is clearly overvalued in comparison with peers.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • The tendency within the weekly time frame is positive above the technical support level at 29.24 EUR

Weaknesses
  • Stock prices approach a strong long-term resistance in weekly data at EUR 37.3.
  • The stock is close to a major daily resistance at EUR 37.36, which should be gotten rid of so as to gain new appreciation potential.
  • The company has insufficient levels of profitability.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • The company's earnings releases usually do not meet expectations.
  • The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
  • For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
  • For the past year, analysts have significantly revised downwards their profit estimates.
Ratings chart
Subsector Wires & Cables
1st jan.Capitalisation (M$)Investor Rating
NEXANS48.21%1 731
PRYSMIAN S.P.A.13.90%5 707
EVE ENERGY CO LTD--.--%5 490
JIANGSU ZHONGTIAN TECHNOLOG..2.45%3 521
INFORE ENVIRONMENT TECHNOLO..--.--%2 734
BEIJING SHOUGANG CO., LTD.--.--%2 528
ELSWEDY ELECTRIC-28.60%1 737
ENCORE WIRE CORPORATION14.69%1 206
LS CORP.--.--%1 139
NINGBO ORIENT WIRES & CABLE..51.25%963
SINBON ELECTRONICS CO., LTD..--.--%868
Autres valeurs du secteur

Laurent Polsinelli
© MarketScreener.com 2019
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Disclaimer: 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.

Financials (EUR)
Sales 2019 4 626 M
EBIT 2019 238 M
Net income 2019 -86,6 M
Debt 2019 608 M
Yield 2019 0,95%
P/E ratio 2019 -19,5x
P/E ratio 2020 14,0x
EV / Sales2019 0,47x
EV / Sales2020 0,42x
Capitalization 1 567 M
Upcoming event on NEXANS
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 38,47  €
Last Close Price 36,06  €
Spread / Highest target 27,6%
Spread / Average Target 6,69%
Spread / Lowest Target -2,94%
EPS Revisions
Managers
NameTitle
Christopher Guérin Chairman-Executive Board & CEO
Jean Mouton Chairman
Benjamin Fitoussi Chief Operations Officer & Senior Executive VP
Jean-Christophe Juillard Chief Financial Officer & Head-IT
Colette Lewiner Independent Director