GRUPO CATALANA OCCID

GCO
Real-time Estimate Quote. Real-time Estimate  - 03/08 08:07:05 am
32.725EUR +1.00%

Grupo Catalana Occidente, S.A. : The trend should regain control

02/22/2021 | 03:06am
Eduardo Yusseppe Quiñonez Diaz
Junior Analyst

Strategy published on : 02/22/2021 | 03:06

long trade
Live

Entry price : 30.6€
Target : 37€
Stop-loss : 26.5€
Potential : 20.92%

The timing appears opportune to go long in shares of Grupo Catalana Occidente, S.A. as we anticipate another pick-up in the underlying trend.
Investors have an opportunity to buy the stock and target the € 37.

Summary

● In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 14.24 for the current year.

● For the past twelve months, EPS forecast has been revised upwards.

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

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 22.75 EUR


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

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