The recent downside mouvement appears to lose momentum which could allow Vicat shares to regain a positive medium term outlook. Investors have an opportunity to buy the stock and target the € 42.45.
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 37.9 EUR in weekly data.
With a P/E ratio at 10.92 for the current year and 9.66 for next year, earnings multiples are highly attractive compared with competitors.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
The technical configuration over the long term remains negative on the weekly chart below the resistance level at 42.45 EUR
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