ELECTRICITÉ DE FRANC

EDF
Real-time Quote. Real-time  - 01/21 11:35:42 am
8.272EUR +1.67%

Electricité de France : A long term support level to be taken advantage of

01/13/2022 | 06:20am
Nicolas Chéron
Market Strategist

Strategy published on : 01/13/2022 | 06:20

long trade on a pullback
Stop-loss triggered

Entry price : 10.12€
Target : 12.12€
Stop-loss : 9.42€
Cancellation Level : 10.8€
Potential : 19.76%

Electricité de France shares are sitting close to an important technical support area around 9.74 EUR based on weekly price data. Against this backdrop, investors can use this good timing for new long positions.
Investors should buy the stock at current prices near € 10.12 in order to target the € 12.12.

Summary

● According to Refinitiv, the company's ESG score for its industry is good.


Strengths

● The earnings growth currently anticipated by analysts for the coming years is particularly strong.

● Before interest, taxes, depreciation and amortization, the company's margins are particularly high.

● The company appears to be poorly valued given its net asset value.

● The company is one of the best yield companies with high dividend expectations.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● Consensus analysts have strongly revised their opinion of the company over the past 12 months.


Weaknesses

● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.

● The company is in debt and has limited leeway for investment

● With an expected P/E ratio at 7.56 and 6.94 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● The price targets of analysts who cover the stock differ significantly. This implies difficulties in evaluating the company and its business.

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