Monsanto : Good timing to go forward
Entry price | Target | Stop-loss | Potential |
---|
$105.36 |
$0 |
$102.3 |
-100% |
---|
Monsanto, producer and marketer of seeds to farmers shows strong figures to exceed the symbolic threshold of USD 107.
From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.
Since several months, the stock has initiated a bullish trend mainly due to strong fundamentals. The move could continue, supported by the 20 and 50-day moving averages, and return to its highest price levels of 2008.
Taking into account all these elements, investors could buy the stock at the current price. The first target price is set USD 110 (corresponding to the trend line). A stop loss will be fixed below the 50-day moving average at USD 102.5.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.