Corticeira Amorim, S

COR
Real-time BATS EUROPE - 08/22 09:31:33 am
9.035EUR
+0.33%

Come back on a strong aera

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Patrick Rejaunier
Equity Analyst

Strategy published on : 08/07/2019 | 04:57

long trade
Stop-loss triggered

Entry price : 9.41€
Target : 10.4€
Stop-loss : 8.99€
Potential : 10.52%

Corticeira Amorim, SGPS, reflects attractive technical aspects that could allow investors to expect a trend reversal over the medium term.
Investors have an opportunity to buy the stock and target the € 10.4.

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

● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 9.37 support.

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

● 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.

Zonebourse.com 2019
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