After several weeks of range-bound movement, shares in Colruyt could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility. Investors have an opportunity to buy the stock and target the € 54.8.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
The share is getting closer to its long-term support in weekly data, at EUR 45.22, which offers good timing for buyers.
The close medium term support offers good timing for purchasing the stock.
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.
The company shows low valuation levels, with an enterprise value at 0.66 times its sales.
With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
The company does not generate enough profits, which is an alarming weak point.
Most analysts agree on a negative opinion with regard to the stock. Indeed, the average consensus issues recommendations to underperform or sell.
The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
The underlying tendency is negative on the weekly chart below the resistance at 56.44 EUR
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