CAIXABANK, S.A.

CABK
Real-time Estimate Quote. Real-time Estimate  - 03/08 07:35:54 am
2.534EUR +2.47%

CaixaBank, S.A. : Technically solid

02/22/2021 | 03:12am
Eduardo Yusseppe Quiñonez Diaz
Junior Analyst

Strategy published on : 02/22/2021 | 03:12

long trade
Live

Entry price : 2.35€
Target : 2.9€
Stop-loss : 2€
Potential : 23.4%

The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend.
Investors have an opportunity to buy the stock and target the € 2.9.

Strengths

● The group's high margin levels account for strong profits.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 13.37 for the current year.

● Sales forecast by analysts have been recently revised upwards.

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

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The tendency within the weekly time frame is positive above the technical support level at 1.9 EUR


Weaknesses

● The stock is close to a major daily resistance at EUR 2.36, which should be gotten rid of so as to gain new appreciation potential.

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

● The company's earnings releases usually do not meet expectations.

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