NRJ GROUP : Is the distribution phase coming to an end ?

04/08/2021 | 06:09am EDT

long trade under condition On stand-by

Entry price : 6.65€ | Target : 7.08€ | Stop-loss : 6.4€ | Cancellation Level : 6.2€ | Potential : 6.47%

NRJ GROUP shares stand out with an interesting technical chart pattern displaying horizontal consolidation. One would assume that the current accumulation phase will cede eventually to an acceleration to the upside. Investors should benefit from the breakout of the € 6.65 level to target the € 7.08.

Summary

• The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
• In a short-term perspective, the company has interesting fundamentals.

Strengths

• Thanks to a sound financial situation, the firm has significant leeway for investment.
• The group usually releases upbeat results with huge surprise rates.
• The stock, which is currently worth 2020 to 0.74 times its sales, is clearly overvalued in comparison with peers.
• For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
• For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
• For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
• The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
• The tendency within the weekly time frame is positive above the technical support level at 5.72 EUR

Weaknesses

• Stock prices approach a strong long-term resistance in weekly data at EUR 6.7.
• According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

Ratings chart

Subsector Other Broadcasting

1st jan. Capitalization (M$) Investor Rating NRJ GROUP 5.92% 594 THE WALT DISNEY COMPANY 2.93% 341 070 COMCAST CORPORATION 2.23% 245 386 VIACOMCBS INC. 6.74% 27 256 THE LIBERTY SIRIUSXM GROUP 6.83% 15 817 FORMULA ONE GROUP 3.94% 10 392 RTL GROUP S.A. 24.61% 9 037 ITV PLC 14.04% 6 744 GRUPO TELEVISA, S.A.B. 23.12% 5 498 PROSIEBENSAT.1 MEDIA SE 28.32% 4 718 NORDIC ENTERTAINMENT GROUP .. -13.78% 3 604

More Results

© MarketScreener.com 2021

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.