Safran

SAF
Real-time Euronext Paris - 06/14 05:39:26 pm
122.9EUR
-0.28%

The trend should regain control

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Jordan Dufee
Analyst

Strategy published on : 01/11/2019 | 08:31

long trade
Target price hit

Entry price : 104.85€
Target : 120€
Stop-loss : 98€
Potential : 14.45%

Safran shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Investors have an opportunity to buy the stock and target the € 120.

Summary

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


Strengths

● The share is getting closer to its long-term support in weekly data, at EUR 99.7, which offers good timing for buyers.

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

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 99.7 EUR


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.

● With a 2018 P/E ratio at 23.28 times the estimated earnings, the company operates at rather significant levels of earnings multiples.

Zonebourse.com 2019
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