BNP Paribas

BNP
Real-time Euronext Paris - 02/20 05:38:21 pm
53.26EUR
-0.91%

BNP Paribas : Close to an important technical resistance levels

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Patrick Rejaunier
Equity Analyst

Strategy published on : 02/14/2020 | 03:37

long trade under condition
Live

Entry price : 54€
Target : 59€
Stop-loss : 52.05€
Cancellation Level : 52€
Potential : 9.26%

BNP Paribas shares are reaching an interesting resistance zone. The current technical chart pattern suggests that a breach of this level could lead to new upside potential.
Investors should benefit from the breakout of the € 54 level to target the € 59.

Strengths

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

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

● Its low valuation, with P/E ratio at 8.12 and 8.13 for the ongoing fiscal year and 2021 respectively, makes the stock pretty attractive with regard to earnings multiples.

● This company will be of major interest to investors in search of a high dividend stock.

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

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 46.49 EUR


Weaknesses

● Technically, the stock approaches a strong medium-term resistance at EUR 53.58.

● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.

Zonebourse.com 2020
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