Bakkafrost : The trend should regain control
Entry price | Target | Stop-loss | Potential |
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NOK 746.6 |
NOK 850 |
NOK 685.2 |
+13.85% |
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Shares in Bakkafrost show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Summary● The company has solid fundamentals for a short-term investment strategy.
Strengths●
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● The group's activity appears highly profitable thanks to its outperforming net margins.
● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
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Weaknesses● With an enterprise value anticipated at 7.42 times the sales for the current fiscal year, the company turns out to be overvalued.
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● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
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● The company's earnings releases usually do not meet expectations.
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