TAG Immobilien AG

TEG
Real-time TRADEGATE AG - 05/21 04:42:39 am
20.83EUR
+1.07%

A long term support level to be taken advantage of

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Ulrich Ebensperger
Financial Analyst

Strategy published on : 05/15/2019 | 03:36

long trade
Live

Entry price : 20.38€
Target : 22.5€
Stop-loss : 20€
Potential : 10.4%

Shares in TAG Immobilien AG are currently testing the support level at 19.91 EUR on the weekly chart. Investors should regard the recent downward movement as an opportunity to go long the stock.
Investors have an opportunity to buy the stock and target the € 22.5.

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 19.91 EUR in weekly data.

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

● The group usually releases upbeat results with huge surprise rates.

● Its low valuation, with P/E ratio at 9.1 and 9.88 for the ongoing fiscal year and 2020 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.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● For the past twelve months, EPS forecast has been revised upwards.

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

● The stock is in a well-established, long-term rising trend above the technical support level at 19.91 EUR


Weaknesses

● One of the major weak points of the company is its financial situation.

● 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.

● Based on current prices, the company has particularly high valuation levels.

Zonebourse.com 2019
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