Logitech International S.A. : Attractive price levels
Entry price | Target | Stop-loss | Potential |
---|
CHF 32.2 |
CHF 36 |
CHF 31.5 |
+11.8% |
---|
Logitech International shares reflect an interesting technical chart pattern from a medium term view In fact, the support at 32.36 CHF represents an important technical support area based on weekly price data that could limit downward movements by the stock.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at CHF 32.36 CHF in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● The company returns high margins, thereby supporting business profitability.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● Historically, the company has been releasing figures that are above expectations.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● The firm trades with high earnings multiples: 22.02 times its 2019 earnings per share.
● The underlying tendency is negative on the weekly chart below the resistance at 39.38 CHF
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