Soitec : The revival in interest should continue
01/10/2019 | 08:51am EST
Entry price :
55.45€ | Target : 62€ | Stop-loss : 51.8€ | Potential : 11.81%
The recent break-out to the upside has created potential for further gains for shares in Soitec. Investors have an opportunity to buy the stock and target the € 62.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The close medium term support offers good timing for purchasing the stock. Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years. Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits. Thanks to a sound financial situation, the firm has significant leeway for investment. The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
The company's earnings releases usually do not meet expectations. The company's enterprise value to sales, at 4.21 times its current sales, is high. With a 2019 P/E ratio at 23.51 times the estimated earnings, the company operates at rather significant levels of earnings multiples. Below the resistance at 61.97 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
Subsector Semiconductors - NEC
1st jan. Capitalisation (M$) Investor Rating
SOITEC 17.39% 2 122
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Net income 2019
P/E ratio 2019
P/E ratio 2020
EV / Sales 2019
EV / Sales 2020
1 863 M
Number of Analysts
Average target price
Spread / Average Target