JCDecaux

DEC
Real-time Euronext Paris - 02/20 05:35:16 pm
22.86EUR
+0.18%

JCDecaux : Helped by a technical support level

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Jordan Dufee
Analyst

Strategy published on : 02/14/2020 | 02:59

long trade on a pullback
Live

Entry price : 22.56€
Target : 25€
Stop-loss : 21€
Cancellation Level : 24.5€
Potential : 10.82%

The selling pressure regarding JCDecaux shares could subside shortly. In fact, the support area that is currently being tested around 22.56 EUR has come into play and could, at least in the short term, keep the downside pressure at bay.
Investors should buy the stock at current prices near € 22.56 in order to target the € 25.

Strengths

● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 22.9 EUR in weekly data.

● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 22.56 support.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


Weaknesses

● 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.

● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.

● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

● For the past seven days, analysts have been lowering their EPS expectations for the company.

● For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.

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