BREMBO S.P.A.

BRE
Real-time Estimate Quote. Real-time Estimate  - 04/20 08:48:34 am
10.43EUR -0.76%

Brembo S.p.A. : The trend should regain control

04/07/2021 | 08:00am
Eduardo Yusseppe Quiñonez Diaz
Junior Analyst

Strategy published on : 04/07/2021 | 08:00

long trade
Live

Entry price : 10.92€
Target : 12€
Stop-loss : 9.99€
Potential : 9.89%

Brembo S.p.A. shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Investors have an opportunity to buy the stock and target the € 12.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.

● Sales forecast by analysts have been recently revised upwards.

● The tendency within the weekly time frame is positive above the technical support level at 8.82 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 11.51.

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