COLRUYT NV

COLR
Real-time TRADEGATE AG - 05/26 09:08:12 am
52.31EUR
+1.20%

Colruyt NV : A new test of the support level

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Jordan Dufee
Analyst

Strategy published on : 05/22/2020 | 02:36

long trade on a pullback
On stand-by

Entry price : 48€
Target : 56€
Stop-loss : 44€
Cancellation Level : 55€
Potential : 16.67%

Colruyt NV have been fluctuating horizontally for several weeks. As the share price returns to the lower bound of the accumulation zone, it yoffers a good timing for investors to open new long positions.
Investors should buy the stock at current prices near € 48 in order to target the € 56.

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

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

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

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

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

● The stock is in a well-established, long-term rising trend above the technical support level at 48.3 EUR


Weaknesses

● Most analysts recommend that the stock should be sold or reduced.

● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

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