LyondellBasell Industries N.V. : A support level that should be taken advantage of
| Entry price | Target | Stop-loss | Potential |
|---|
|
$0 |
$85.75 |
$77.3 |
+∞% |
|---|
The selling pressure regarding LyondellBasell Industries NV shares could subside shortly. In fact, the support area that is currently being tested around 77.39 USD has come into play and could, at least in the short term, keep the downside pressure at bay.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
● The group's high margin levels account for strong profits.
● Its low valuation, with P/E ratio at 8.24 and 9.1 for the ongoing fiscal year and 2018 respectively, makes the stock pretty attractive with regard to earnings multiples.
● 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.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● For the past seven days, analysts have been lowering their EPS expectations for the company.
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LYONDELLBASELL INDUSTRIES N.V. 
