Kindred Group shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated. Investors should benefit from the breakout of the SEK 65 level to target the SEK 73.
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.
Growth is a substantial asset for the company, as anticipated by dedicated analysts. Within the next three years, growth is estimated to reach 45% by 2022.
The company is one of the best yield companies with high dividend expectations.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
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.
Stock prices approach a strong long-term resistance in weekly data at SEK 70.24.
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
Analysts covering the stock have recently lowered their earnings forecast.
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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