Betsson B : Helped by a technical support level
Entry price | Target | Stop-loss | Potential |
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SEK 71 |
SEK 85.3 |
SEK 64.9 |
+20.14% |
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The recent downturn has taken Betsson AB shares close to a medium term support level around 67.5 SEK. The timing for a long trade in the stock appears good.
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● The group's high margin levels account for strong profits.
● The company is in a robust financial situation considering its net cash and margin position.
● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
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● The company is one of the best yield companies with high dividend expectations.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● 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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● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
● Historically, the company has been releasing figures that are above expectations.
Weaknesses
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Surperformance is Buy on BETSSON B since 2023-05-10
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