Kering : Underpinned by a support level

03/16/2023 | 02:34am EDT

long trade Live

Entry price : 549.8€ | Target : 600€ | Stop-loss : 510€ | Potential : 9.13%

Kering shares are closing back in on major support levels around 530 EUR based on daily price data, which could offer attractive entry points. Investors have an opportunity to buy the stock and target the € 600.

Summary

• The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
• The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.
• Kering accounts for 5.34 % of our European Portfolio. A trade is currently open since 05/17/2022 with a purchase price of € 469.55. Discover the other 19 stocks of the European portfolio managed by the MarketScreener portfolio management team.

Strengths

• Before interest, taxes, depreciation and amortization, the company's margins are particularly high.

The group's high margin levels account for strong profits.

Considering the small differences between the analysts' various estimates, the group's business visibility is good.

Weaknesses

• With an enterprise value anticipated at 3.45 times the sales for the current fiscal year, the company turns out to be overvalued.
• In relation to the value of its tangible assets, the company's valuation appears relatively high.
• Revenue estimates are regularly revised downwards for the current and coming years.
• The average consensus view of analysts covering the stock has deteriorated over the past four months.

Ratings chart

Subsector Other Apparel & Accessories Retailers

1st jan. Capitalization (M$) Investor Rating KERING 22.08% 76 322 INDITEX 17.34% 97 609 FAST RETAILING CO., LTD. 1.96% 64 202 ROSS STORES, INC. -12.70% 34 895 HENNES & MAURITZ AB 7.98% 18 942 BURLINGTON STORES, INC. -1.03% 12 943 BURBERRY GROUP PLC 15.42% 10 747 TAPESTRY, INC. 5.70% 9 502 CAPRI HOLDINGS LIMITED -24.27% 5 457 LPP SA -12.30% 3 973 WORKMAN CO.,LTD. 5.37% 3 553

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