Bouygues

EN
Real-time Euronext Paris - 04/18 05:37:52 pm
35EUR
+0.03%

In an accumulation phase

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Jordan Dufee
Analyst

Strategy published on : 02/12/2019 | 04:08

long trade under condition
Target price hit

Entry price : 31.5€
Target : 34.7€
Stop-loss : 29.5€
Cancellation Level : 29.4€
Potential : 10.16%

After several weeks of range-bound movement, shares in Bouygues could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility.
Investors should benefit from the breakout of the € 31.5 level to target the € 34.7.

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 29.64, which offers good timing for buyers.

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

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

● The stock, which is currently worth 2018 to 0.42 times its sales, is clearly overvalued in comparison with peers.

● With a P/E ratio at 10.73 for the current year and 10.14 for next year, earnings multiples are highly attractive compared with competitors.

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

● Sales forecast by analysts have been recently revised upwards.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

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

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


Weaknesses

● Below the resistance at 35.66 EUR, the stock shows a negative configuration when looking looking at the weekly chart.

Zonebourse.com 2019
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