SELVAAG BOLIG ASA

SBO
Real-time Estimate Quote. Real-time Estimate  - 07/03 05:27:06 am
52.3NOK +0.58%

Selvaag Bolig ASA : The beginning of the move

Gallien Girardot
Junior Analyst

Strategy published on : 06/30/2020 | 05:31

long trade
Stop-loss triggered

Entry price : 52.4NOK
Target : 57.9NOK
Stop-loss : 50.2NOK
Potential : 10.5%

The return of higher trading volumes and volatility could reflect theoretically the starting point of the return of a new upward move for shares in Selvaag Bolig ASA. The upward movement can be expected to continue.
Investors have an opportunity to buy the stock and target the NOK 57.9.

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 group's activity appears highly profitable thanks to its outperforming net margins.

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

● Its low valuation, with P/E ratio at 3.18 and 12.38 for the ongoing fiscal year and 2021 respectively, makes the stock pretty attractive with regard to earnings multiples.

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

● For several months, analysts have been revising their EPS estimates roughly upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.


Weaknesses

● Technically, the stock approaches a strong medium-term resistance at NOK 54.7.

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

● The group shows a rather high level of debt in proportion to its EBITDA.

● The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.

● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.

● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 52.8 NOK

Zonebourse.com 2020
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