Devoteam

DVT
Real-time Euronext Paris - 05/21 10:44:10 am
102.2EUR
+1.19%

The stock approaches again the support level

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Jordan Dufee
Analyst

Strategy published on : 05/15/2019 | 02:51

long trade
Live

Entry price : 100€
Target : 107€
Stop-loss : 95€
Potential : 7%

Devoteam shares have been fluctuating horizontalally for several weeks. As the share price approaches the lower bounds, a buying opportunity could arise.
Investors have an opportunity to buy the stock and target the € 107.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

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

● The company is in a robust financial situation considering its net cash and margin position.

● 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.

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

● 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.

Zonebourse.com 2019
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