Saint-Gobain

SGO
Real-time Euronext Paris - 04/18 05:35:08 pm
36.87EUR
-0.12%

Big comeback of buyers

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Jordan Dufee
Analyst

Strategy published on : 02/07/2019 | 04:15

long trade
Live

Entry price : 32.15€
Target : 38€
Stop-loss : 28.5€
Potential : 18.2%

Market participant are once again showing interest in shares in Saint-Gobain. The technical chart pattern now appears positive for the short term with new upside potential.
Investors have an opportunity to buy the stock and target the € 38.

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

● Historically, the company has been releasing figures that are above expectations.

● The company shows low valuation levels, with an enterprise value at 0.6 times its sales.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

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

● Analysts covering this company mostly recommend stock overweighting or purchase.

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


Weaknesses

● Technically, the stock approaches a strong medium-term resistance at EUR 33.2.

● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.

● Analysts covering the stock have recently lowered their earnings forecast.

● Below the resistance at 36.74 EUR, the stock shows a negative configuration when looking looking at the weekly chart.

Zonebourse.com 2019
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