Publicis Groupe

PUB
Real-time Euronext Paris - 06/20 05:35:28 pm
49.46EUR
-2.48%

Expect the comeback of a strong trend

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Patrick Rejaunier
Equity Analyst

Strategy published on : 06/11/2019 | 03:53

long trade
Live

Entry price : 50.2€
Target : 53.5€
Stop-loss : 48.49€
Potential : 6.57%

Publicis Groupe shares are locked into a trading range. This phase will eventually have to end with a return of a clear trend.
Investors have an opportunity to buy the stock and target the € 53.5.

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

● The share is getting closer to its long-term support in weekly data, at EUR 46.53, which offers good timing for buyers.

● The group's high margin levels account for strong profits.

● With a P/E ratio at 10.88 for the current year and 9.97 for next year, earnings multiples are highly attractive compared with competitors.

● This company will be of major interest to investors in search of a high dividend stock.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

Zonebourse.com 2019
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