BASF
BAS
Real-time TRADEGATE AG - 09/26 05:19:34 pm
78.465EUR
-1.88%

Investors could aim for a turn-around of the trend

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Jordan Dufee
Analyst

Strategy published on : 03/12/2018 | 08:55

long trade
Stop-loss triggered

Entry price : 85.79€
Target : 91.3€
Stop-loss : 82.82€
Potential : 6.42%

Shares in BASF reflect an interesting technical chart pattern allowing for a bet on a reversal of the medium term trend.
Investors have an opportunity to buy the stock and target the € 91.3.

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 79.64, which offers good timing for buyers.

● The group's high margin levels account for strong profits.

● Historically, the company has been releasing figures that are above expectations.

● The company is one of the best yield companies with high dividend expectations.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts covering this company mostly recommend stock overweighting or purchase.

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


Weaknesses

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

Zonebourse.com 2018
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