Mercedes-Benz Group AG : Close to an important medium term support level
Entry price | Target | Stop-loss | Potential |
---|
€68.95 |
€80 |
€63.7 |
+16.03% |
---|
The medium term support area around 66.6 EUR should allow Daimler shares to re-establish an upward trend in the short 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● The share is getting closer to its long-term support in weekly data, at EUR 67.12, which offers good timing for buyers.
● The close medium term support offers good timing for purchasing the stock.
● The stock, which is currently worth 2018 to 0.35 times its sales, is clearly overvalued in comparison with peers.
● Its low valuation, with P/E ratio at 7.35 and 7.19 for the ongoing fiscal year and 2019 respectively, makes the stock pretty attractive with regard to earnings multiples.
● The company is one of the best yield companies with high dividend expectations.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
● The tendency within the weekly time frame is positive above the technical support level at 67.12 EUR
Weaknesses● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
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