RTL Group S.A. : No turn-around in sight
Published march 03, 2021 at 11:30 am est
By
| Entry price | Target | Stop-loss | Potential |
|---|
|
€49.48 |
€58.5 |
€47.2 |
+18.23% |
|---|
The timing appears opportune to go long in shares of RTL Group S.A. as we anticipate another pick-up in the underlying trend.
Summary● In a short-term perspective, the company has interesting fundamentals.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● With a P/E ratio at 15.79 for the current year and 10.32 for next year, earnings multiples are highly attractive compared with competitors.
● This company will be of major interest to investors in search of a high dividend stock.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
● The stock is in a well-established, long-term rising trend above the technical support level at 35.5 EUR
● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● Technically, the stock approaches a strong medium-term resistance at EUR 48.82.
● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
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