Ingenico Group shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term. Investors have an opportunity to buy the stock and target the € 147.6.
The company has solid fundamentals for a short-term investment strategy.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 114 EUR
Stock prices approach a strong long-term resistance in weekly data at EUR 144.7.
The stock is close to a major daily resistance at EUR 147.6, which should be gotten rid of so as to gain new appreciation potential.
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
With a 2020 P/E ratio at 40.03 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
Revenue estimates are regularly revised downwards for the current and coming years.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
For the past year, analysts have significantly revised downwards their profit estimates.
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