CIE Automotive

CIE
End-of-day quote Bolsa de Madrid - 10/18
21.52EUR
-4.53%

Back on key levels based on weekly price data

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Jordan Dufee
Analyst

Strategy published on : 10/08/2019 | 09:22

long trade
Live

Entry price : 21.24€
Target : 25.5€
Stop-loss : 19.5€
Potential : 20.06%

CIE Automotive shares reflect an interesting technical chart pattern from a medium term view In fact, the support at 20.12 EUR represents an important technical support area based on weekly price data that could limit downward movements by the stock.
Investors have an opportunity to buy the stock and target the € 25.5.

Summary

● 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.


Strengths

● The share is getting closer to its long-term support in weekly data, at EUR 20.12, which offers good timing for buyers.

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

● Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● 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 past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

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


Weaknesses

● The company is in debt and has limited leeway for investment

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

Zonebourse.com 2019
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