Bénéteau : Close to a support level
Entry price | Target | Stop-loss | Potential |
---|
€18.28 |
€21 |
€16.9 |
+14.88% |
---|
Shares in Bénéteau are retreating towards the lower bound of a horizontal trading range. Investors could use the proximity of this support area to initiate new long positions.
Summary● 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.
Strengths● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● The company is in a robust financial situation considering its net cash and margin position.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● As regards fundamentals, the enterprise value to sales ratio is at 1.05 for the current period. Therefore, the company is undervalued.
● 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.
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