Sopra Steria Group : The calm spell can be taken advantage of to put on new positions
02/05/2019 | 09:42am EDT
Entry price :
89.2€ | Target : 100€ | Stop-loss : 82.7€ | Potential : 12.11%
The price of Sopra Steria Group shares is range-bound. This phase will end sooner or later when volatility comes back. Investors have an opportunity to buy the stock and target the € 100.
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 share is getting closer to its long-term support in weekly data, at EUR 77.9, which offers good timing for buyers. Historically, the company has been releasing figures that are above expectations. The stock, which is currently worth 2018 to 0.58 times its sales, is clearly overvalued in comparison with peers. Analysts covering this company mostly recommend stock overweighting or purchase. The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
For the last few months, analysts have been revising downwards their earnings forecast. For the past year, analysts have significantly revised downwards their profit estimates. The technical configuration over the long term remains negative on the weekly chart below the resistance level at 117 EUR
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4 378 M
Net income 2019
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EV / Sales2020
2 080 M
Upcoming event on SOPRA STERIA GROUP
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