KBC GROUPE SA

KBC
Real-time Estimate Quote. Real-time Estimate  - 10/20 03:59:58 pm
44.555EUR -0.32%

KBC Groupe : The target price as per the weekly chart was reached

Jordan Dufee
Analyst

Strategy published on : 12/03/2019 | 02:56

short sell
Stop-loss triggered

Entry price : 66.12€
Target : 62.9€
Stop-loss : 67.7€
Potential : 4.87%

The resistance zone around 67.42 EUR on the weekly chart shuold rein in spikes to the upside. The timing to get ahead of the start of a correction in shares of KBC Groupe seems very opportune.
Investors should open a short trade and target the € 62.9.

Strengths

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● With a P/E ratio at 11.52 for the current year and 11.42 for next year, earnings multiples are highly attractive compared with competitors.

● This company will be of major interest to investors in search of a high dividend stock.

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


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.

● Technically, the stock approaches a strong medium-term resistance at EUR 67.52.

● According to forecast, a sluggish sales growth is expected for the next fiscal years.

● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.

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