Covestro AG : Good timing to go long again
Entry price | Target | Stop-loss | Potential |
---|
€53.62 |
€62.35 |
€48.86 |
+16.28% |
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Covestro AG shares are closing back in on major support levels around 53.76 EUR based on daily price data, which could offer attractive entry points.
Summary● 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.
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Strengths● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
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● This company will be of major interest to investors in search of a high dividend stock.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
● Historically, the company has been releasing figures that are above expectations.
Weaknesses
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