Shares in Bic are currently testing the support level at 42.86 EUR on the weekly chart. Investors should regard the recent downward movement as an opportunity to go long the stock. Investors have an opportunity to buy the stock and target the € 48.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
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 42.86 EUR in weekly data.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 43.34 support.
The company is in a robust financial situation considering its net cash and margin position.
As regards fundamentals, the enterprise value to sales ratio is at 1.09 for the current period. Therefore, the company is undervalued.
This company will be of major interest to investors in search of a high dividend stock.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
For the last few months, analysts have been revising downwards their earnings forecast.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
The underlying tendency is negative on the weekly chart below the resistance at 53.98 EUR
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