BIC

BB
Real-time Estimate Quote. Real-time Estimate  - 10/27 03:19:50 am
41.01EUR -0.32%

Bic : Back towards the lower end of the range

Nathan Houtch
Junior Analyst

Strategy published on : 09/22/2020 | 06:16

long trade
Stop-loss triggered

Entry price : 46.34€
Target : 50.5€
Stop-loss : 43.3€
Potential : 8.98%

The fact that share price is returning to the lower bounds of the trading range offers a good timing to enter into new long positions in Bic.
Investors have an opportunity to buy the stock and target the € 50.5.

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 42.86, which offers good timing for buyers.

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● The company is in a robust financial situation considering its net cash and margin position.

● As regards fundamentals, the enterprise value to sales ratio is at 1.11 for the current period. Therefore, the company is undervalued.

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

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

● For the last few months, analysts have been revising downwards their earnings forecast.

● For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.

● Below the resistance at 53.98 EUR, the stock shows a negative configuration when looking looking at the weekly chart.

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