After several weeks of range-bound movement, shares in NRJ GROUP could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility. Investors have an opportunity to buy the stock and target the € 7.24.
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.
The close medium term support offers good timing for purchasing the stock.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Historically, the company has been releasing figures that are above expectations.
The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.64 for the 2021 fiscal year.
For several months, analysts have been revising their EPS estimates roughly upwards.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
The stock is in a well-established, long-term rising trend above the technical support level at 5.9 EUR
According to forecast, a sluggish sales growth is expected for the next fiscal years.
The firm trades with high earnings multiples: 32.26 times its 2021 earnings per share.
ę MarketScreener.com 2021
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