CARREFOUR

CA
Real-time Estimate Quote. Real-time Estimate  - 10/30 07:14:05 am
13.143EUR -1.33%

Carrefour : A trend reversal is in sight

Jordan Dufee
Analyst

Strategy published on : 10/15/2020 | 03:51

long trade
Stop-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.

Summary

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


Strengths

● 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.


Weaknesses

● 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.

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