Neste Oyj : A technical turn-around configuration
Entry price | Target | Stop-loss | Potential |
---|
€50.9 |
€63.4 |
€42.6 |
+24.56% |
---|
The technical chart pattern of Neste Oyj shares shows signs of a medium term reversal, which speaks in favor of opening new long positions.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
Strengths● Over the last twelve months, the sales forecast has been frequently revised upwards.
● The opinion of analysts covering the stock has improved over the past four months.
● Historically, the company has been releasing figures that are above expectations.
Weaknesses● With a 2021 P/E ratio at 29.15 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
● In relation to the value of its tangible assets, the company's valuation appears relatively high.
● The valuation of the company is particularly high given the cash flows generated by its activity.
● Over the past twelve months, analysts' opinions have been revised negatively.
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