Danone

BN
Real-time Euronext Paris - 10/18 05:37:22 pm
71.96EUR
-8.42%

The trend should regain control

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Jordan Dufee
Analyst

Strategy published on : 10/07/2019 | 05:04

long trade
Stop-loss triggered

Entry price : 78.8€
Target : 84€
Stop-loss : 75.9€
Potential : 6.6%

Shares in Danone show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the € 84.

Summary

● In a short-term perspective, the company has interesting fundamentals.


Strengths

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

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The tendency within the weekly time frame is positive above the technical support level at 69.82 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 81.72.

● The group shows a rather high level of debt in proportion to its EBITDA.

Zonebourse.com 2019
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