Michelin (CGDE) : The stock approaches again the support level
Entry price | Target | Stop-loss | Potential |
---|
€27.36 |
€30 |
€26 |
+9.65% |
---|
Shares in Michelin (CGDE) currently show the technical configuration of a trading range. The recently observed decline yields a good timing for new long positions close to the support level.
Summary● The company presents an interesting fundamental situation from a short-term investment perspective.
● The company has a good ESG score relative to its sector, according to Refinitiv.
Strengths● The company's attractive earnings multiples are brought to light by a P/E ratio at 9.31 for the current year.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● This company will be of major interest to investors in search of a high dividend stock.
Weaknesses● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● The price targets of analysts who cover the stock differ significantly. This implies difficulties in evaluating the company and its business.
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