ENGIE : An expected move to the downside
Entry price | Target | Stop-loss | Potential |
---|
€13.21 |
€11.9 |
€14.15 |
+9.88% |
---|
The current accumulation appears fragile. Stocks in ENGIE could see their technical chart pattern deteriorate after the support that is currently being tested breaks down.
Strengths● As regards fundamentals, the enterprise value to sales ratio is at 0.83 for the current period. Therefore, the company is undervalued.
● The company is one of the best yield companies with high dividend expectations.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
● For the last four months, EPS estimates made by Thomson-Reuters analysts have been revised downwards.
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