LyondellBasell Industries N.V. : Close to a key level on the weekly chart
Entry price | Target | Stop-loss | Potential |
---|
$80.33 |
$86.9 |
$77.7 |
+8.18% |
---|
The decline over the past weeks has brought the price of LyondellBasell Industries NV shares back to an important technical support level at 74.5 USD. This represents an opportunity to take advantage of these prices levels.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 74.5 USD in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● The group's high margin levels account for strong profits.
● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
● 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.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
● For the past seven days, analysts have been lowering their EPS expectations for the company.
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