Trigano
TRI
Real-time Euronext Paris - 01/17 05:35:03 pm
79.5EUR
-2.21%

Investors could aim for a turn-around of the trend

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Anas Lozach
Analyst

Strategy published on : 01/08/2019 | 11:30

long trade
Target price hit

Entry price : 74.25€
Target : 80.7€
Stop-loss : 70.5€
Potential : 8.69%

Trigano shares could get back into a rising trend over the medium term, as suggested by technical indicators.
Investors have an opportunity to buy the stock and target the € 80.7.

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

● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 72.95 support.

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

● The stock, which is currently worth 2019 to 0.55 times its sales, is clearly overvalued in comparison with peers.

● Its low valuation, with P/E ratio at 7.47 and 7.14 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.

● 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

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

● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.

● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.

● The underlying tendency is negative on the weekly chart below the resistance at 111.55 EUR

Zonebourse.com 2019
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