GEA Group AG : Upcoming technical rebound
Entry price | Target | Stop-loss | Potential |
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€0 |
€0 |
€26.4 |
+-NaN% |
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The stock of the German producer of factories and production lines could benefit from a technical rebound in the coming trading session.
The company is relatively low valued with a P/E ratio of 13.5x (sector 15.37x) and an EV/Sales ratio of 0.95x (sector 1.34x) for 2013. Further, the firm is healthy with a leverage (net Debt/EBITDA) of 0.5x in 2012 (sector 0.9x).
Technically, the trend is bullish in the medium and long term. However, prices slightly ran out of steam and are back to a major support level. Indeed, the proximity of EUR 26.7 should, helped by the 100-day moving average, allow to the security to bounce towards EUR 29.2.
In this configuration, investors could take a buy order on this level and get a good entry point to aim EUR 29.2. A stop must be placed below the EUR 26.7 medium term support.
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