LA FRANÇAISE DES JEU

FDJ
Real-time Quote. Real-time  - 03/08 07:58:27 am
38.47EUR +1.34%

La Française des Jeux : There is still some upside potential

02/23/2021 | 02:45am
The editorial team
 

Strategy published on : 02/23/2021 | 02:45

long trade
Live

Entry price : 37.75€
Target : 41€
Stop-loss : 34.8€
Potential : 8.61%

The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend.
Investors have an opportunity to buy the stock and target the € 41.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.

● The stock is in a well-established, long-term rising trend above the technical support level at 27.14 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 38.56.

● Technically, the stock approaches a strong medium-term resistance at EUR 38.56.

● The company benefits from high valuations in earnings multiples.

● 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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