RENO DE MEDICI S.P.A

RM
Real-time Estimate Quote. Real-time Estimate  - 01/27 09:16:16 am
1.04EUR -1.14%

Reno De Medici S.p.A. : Good timing to anticipate a continuation of the trend

The editorial team
 

Strategy published on : 01/14/2021 | 04:20

long trade
Live

Entry price : 1.036€
Target : 1.207€
Stop-loss : 0.95€
Potential : 16.51%

Shares in Reno De Medici S.p.A. show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the € 1.207.

Summary

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The company shows low valuation levels, with an enterprise value at 0.59 times its sales.

● Its low valuation, with P/E ratio at 11.95 and 11.55 for the ongoing fiscal year and 2021 respectively, makes the stock pretty attractive with regard to earnings multiples.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

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

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

● The tendency within the weekly time frame is positive above the technical support level at 0.66 EUR


Weaknesses

● The group usually releases earnings worse than estimated.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

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