adidas AG

ADS
Real-time TRADEGATE AG - 02/20 01:16:15 pm
286.4EUR
-2.13%

adidas AG : Technically solid

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Patrick Rejaunier
Equity Analyst

Strategy published on : 02/14/2020 | 03:28

long trade
Stop-loss triggered

Entry price : 287.15€
Target : 316.05€
Stop-loss : 282€
Potential : 10.06%

The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend.
Investors have an opportunity to buy the stock and target the € 316.05.

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

● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.

● The tendency within the weekly time frame is positive above the technical support level at 257.7 EUR


Weaknesses

● The firm trades with high earnings multiples: 29.17 times its 2019 earnings per share.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

Zonebourse.com 2020
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