E.ON SE

EOAN
Real-time TRADEGATE AG - 07/19 04:14:24 am
9.491EUR
+0.63%

Good timing to anticipate a continuation of the trend

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Anas Lozach
Analyst

Strategy published on : 07/11/2019 | 05:18

long trade
Live

Entry price : 9.609€
Target : 10.1€
Stop-loss : 9.3€
Potential : 5.11%

Shares in E.ON SE 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 € 10.1.

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

● Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.

● The stock, which is currently worth 2019 to 0.83 times its sales, is clearly overvalued in comparison with peers.

● The company is one of the best yield companies with high dividend expectations.

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

● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

● The tendency within the weekly time frame is positive above the technical support level at 9.08 EUR


Weaknesses

● The company sustains low margins.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.

Zonebourse.com 2019
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