Arkema

AKE
Real-time Euronext Paris - 05/20 12:44:02 pm
79.46EUR
-1.68%

Comeback of a rising trend ?

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Jordan Dufee
Analyst

Strategy published on : 03/15/2019 | 03:05

long trade
Stop-loss triggered

Entry price : 91.3€
Target : 105€
Stop-loss : 84€
Potential : 15.01%

The technical chart pattern of Arkema shares shows signs of a medium term reversal, which speaks in favor of opening new long positions.
Investors have an opportunity to buy the stock and target the € 105.

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 company returns high margins, thereby supporting business profitability.

● The group usually releases upbeat results with huge surprise rates.

● As regards fundamentals, the enterprise value to sales ratio is at 0.9 for the current period. Therefore, the company is undervalued.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 10.91 for the current year.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● According to forecast, a sluggish sales growth is expected for the next fiscal years.

● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 91.06 EUR

Zonebourse.com 2019
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