Strategy published on : 10/15/2020 | 03:51
long tradeStop-loss triggered
Entry price : 13.9€
Target : 15.4€
Stop-loss : 13.3€
Potential : 10.79%
Carrefour 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 € 15.4.
● In a short-term perspective, the company has interesting fundamentals.
● The company shows low valuation levels, with an enterprise value at 0.24 times its sales.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● The company has insufficient levels of profitability.
● Analysts covering the stock have recently lowered their earnings forecast.