ENGIE : The stock approaches again the support level

05/23/2023 | 02:25am EDT

long trade Stop-loss triggered

Entry price : 14.352€ | Target : 15.45€ | Stop-loss : 13.8€ | Potential : 7.65%

After having been stuck in a trading range, shares in ENGIE are returning to the lower bound of the range phase. This appears to be a good opportunity for opening new positions. Investors have an opportunity to buy the stock and target the € 15.45.

Summary

• The company presents an interesting fundamental situation from a short-term investment perspective.
• The company has a good ESG score relative to its sector, according to Refinitiv.

Strengths

• The company's profit outlook over the next few years is a strong asset.

With a P/E ratio at 9 for the current year and 8.36 for next year, earnings multiples are highly attractive compared with competitors.

The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

The company appears to be poorly valued given its net asset value.

The company has a low valuation given the cash flows generated by its activity.

The company is one of the best yield companies with high dividend expectations.

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 last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

Weaknesses

• As estimated by analysts, this group is among those businesses with the lowest growth prospects.

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