Strategy published on : 05/16/2019 | 03:07
Entry price : 91.85€
Target : 98€
Stop-loss : 88.7€
Potential : 6.7%
The timing appears opportune to go long in shares of Alten as we anticipate another pick-up in the underlying trend.
Investors have an opportunity to buy the stock and target the € 98.
● 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.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The group usually releases upbeat results with huge surprise rates.
● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 83.65 EUR