EVN AG : A new test of the support level
| Entry price | Target | Stop-loss | Potential |
|---|
|
€14.2 |
€15.62 |
€13.5 |
+10% |
|---|
Shares in EVN AG are retreating towards the lower bound of a horizontal trading range. Investors could use the proximity of this support area to initiate new long positions.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
● Historically, the company has been releasing figures that are above expectations.
● The company's attractive earnings multiples are brought to light by a P/E ratio at 12.8 for the current year.
● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
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EVN AG 
