SOCIÉTÉ GÉNÉRALE ● 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 21.24 EUR in weekly data.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 21.13 support.
● The group's high margin levels account for strong profits.
● Historically, the company has been releasing figures that are above expectations.
● Its low valuation, with P/E ratio at 5.96 and 5.43 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.
● The company is one of the best yield companies with high dividend expectations.
● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses
● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
● Revenue estimates are regularly revised downwards for the current and coming years.
● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
● For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
● For the past year, analysts have significantly revised downwards their profit estimates.
● Below the resistance at 29.02 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
