Bureau Veritas SA : A medium term support level to take advantage of

05/24/2023 | 02:17am EDT

long trade Stop-loss triggered

Entry price : 24.71€ | Target : 26.5€ | Stop-loss : 24€ | Potential : 7.24%

The selling pressure regarding Bureau Veritas SA shares could subside shortly. In fact, the support area that is currently being tested around 24.29 EUR has come into play and could, at least in the short term, keep the downside pressure at bay. Investors have an opportunity to buy the stock and target the € 26.5.

Summary

• The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
• The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.

Strengths

• 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.

Weaknesses

• The company benefits from high valuations in earnings multiples.
• In relation to the value of its tangible assets, the company's valuation appears relatively high.

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