Colruyt Group N.V. : There is still some upside potential
Entry price | Target | Stop-loss | Potential |
---|
€56.72 |
€62.9 |
€53 |
+10.9% |
---|
Colruyt NV shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The group usually releases upbeat results with huge surprise rates.
● The stock, which is currently worth 2021 to 0.76 times its sales, is clearly overvalued in comparison with peers.
● The stock is in a well-established, long-term rising trend above the technical support level at 48.08 EUR
Weaknesses● Most analysts recommend that the stock should be sold or reduced.
● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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