SCHNEIDER ELECTRIC S

SU
Real-time Quote. Real-time  - 09/16 11:39:20 am
157.24EUR +2.50%

Schneider Electric SE : Towards the breakout of a major resistance level

07/29/2021 | 03:19am
Tommy Douziech
Junior Analyst

Strategy published on : 07/29/2021 | 03:19

long trade
Target price hit

Entry price : 139.78€
Target : 149.8€
Stop-loss : 129.8€
Potential : 7.17%

Schneider Electric SE shares are trading close to a major resistance level. Given the share's technical chart pattern, investors could anticipate that this resistance zone will be broken which could lead to new upside potential.
Investors have an opportunity to buy the stock and target the € 149.8.

Summary

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

● Overall, and from a short-term perspective, the company presents an interesting fundamental situation.


Strengths

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● Over the past four months, analysts' average price target has been revised upwards significantly.

● 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.

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


Weaknesses

● The company benefits from high valuations in earnings multiples.

● In relation to the value of its tangible assets, the company's valuation appears relatively high.

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