EUROFINS SCIENTIFIC

ERF
Real-time Quote. Real-time  - 05/14 06:09:12 am
82.17EUR +0.26%

Eurofins Scientific SE : Technically solid

05/03/2021 | 02:53am
Nicolas Aleksy
Contributor / Partner

Strategy published on : 05/03/2021 | 02:53

long trade
Stop-loss triggered

Entry price : 82.53€
Target : 88.49€
Stop-loss : 80.35€
Potential : 7.22%

Shares in Eurofins Scientific SE do not show any sign of a slowdown in the ascending dynamic. Investors could bet on a continuation of the underlying trend.
Investors have an opportunity to buy the stock and target the € 88.49.

Strengths

● The group usually releases upbeat results with huge surprise rates.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

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

● The tendency within the weekly time frame is positive above the technical support level at 68.63 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 88.21.

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

● With a 2021 P/E ratio at 29.8 times the estimated earnings, the company operates at rather significant levels of earnings multiples.

● The company is not the most generous with respect to shareholders' compensation.

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