Mercedes-Benz Group AG : Back towards the lower end of the range
Entry price | Target | Stop-loss | Potential |
---|
€70.77 |
€77.5 |
€67.3 |
+9.51% |
---|
Daimler shares have been fluctuating horizontalally for several weeks. As the share price approaches the lower bounds, a buying opportunity could arise.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths● The company is in a robust financial situation considering its net cash and margin position.
● The company shows low valuation levels, with an enterprise value at 0.32 times its sales.
● Its low valuation, with P/E ratio at 7.64 and 7.49 for the ongoing fiscal year and 2019 respectively, makes the stock pretty attractive with regard to earnings multiples.
● This company will be of major interest to investors in search of a high dividend stock.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 68.29 EUR
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
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