The breach of the resistance zone around 610.2 EUR seems hard to achieve. The most probable scenario therefore seems to be one in which a short term correction takes place for shares in Kering SA. Investors should open a short trade and target the € 536.1.
The company has poor fundamentals for a short-term investment strategy.
The group's high margin levels account for strong profits.
The company is in a robust financial situation considering its net cash and margin position.
The group usually releases upbeat results with huge surprise rates.
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
The stock is close to a major daily resistance at EUR 600, which should be gotten rid of so as to gain new appreciation potential.
The company's enterprise value to sales, at 5.74 times its current sales, is high.
With a 2020 P/E ratio at 40.2 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
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