CARREFOUR

CA
Real-time Estimate Quote. Real-time Estimate  - 10/27 02:32:01 am
14.005EUR +0.72%

Carrefour : Back on an important level

Jordan Dufee
Analyst

Strategy published on : 09/22/2020 | 03:57

long trade
Live

Entry price : 13.385€
Target : 14.5€
Stop-loss : 12.4€
Potential : 8.33%

The technical support around 12.47 EUR emanating from daily closing prices could trigger a technical rebound for Carrefour shares.
Investors have an opportunity to buy the stock and target the € 14.5.

Summary

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


Strengths

● The share is getting closer to its long-term support in weekly data, at EUR 12.76, which offers good timing for buyers.

● The company shows low valuation levels, with an enterprise value at 0.23 times its sales.

● With a P/E ratio at 13.98 for the current year and 10.77 for next year, earnings multiples are highly attractive compared with competitors.

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

● The company has insufficient levels of profitability.

● For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.

© MarketScreener.com 2020
Copier lien
All news about CARREFOUR
17h ago
7d ago
10/16
10/13
10/13