Take advantage of the mid term support of EUR 41.85.

The group is still undervalued and the “enterprise value to sales” ratio shows an attractive valuation of 0.75x for the current year.

Graphically, buyer flows are reduced. If the trend is now bearish in the short term, profit taking is part of a rebound on the EUR 41.85 and therefore does not affect the upward trend in the medium and long term.

Consequently, we expect a return on the EUR 45.8 thanks to the mid term support and the 100-day moving average tested on friday 12th October. The most active investors can buy the share in this area and target a return toward EUR 45.8. A stop loss can be placed under the EUR 41.85 support.