Bic : Is the distribution phase coming to an end ?
| Entry price | Target | Stop-loss | Potential |
|---|
|
€0 |
€56 |
€50 |
+∞% |
|---|
After several weeks of range-bound movement, shares in Bic could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility.
Summary● In a short-term perspective, the company has interesting fundamentals.
● The company is in a robust financial situation considering its net cash and margin position.
● The company is one of the best yield companies with high dividend expectations.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● The stock is close to a major daily resistance at EUR 51.45, which should be gotten rid of so as to gain new appreciation potential.
● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
● For the past year, analysts have significantly revised downwards their profit estimates.
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BIC 
