Real-time Quote. Real-time  - 01/19 03:01:01 am
53.9NOK +0.19%

Selvaag Bolig ASA : The beginning of the move

Gallien Girardot
Junior Analyst

Strategy published on : 06/30/2020 | 05:31

long trade
Stop-loss triggered

Entry price : 52.4NOK
Target : 57.9NOK
Stop-loss : 50.2NOK
Potential : 10.5%

The return of higher trading volumes and volatility could reflect theoretically the starting point of the return of a new upward move for shares in Selvaag Bolig ASA. The upward movement can be expected to continue.
Investors have an opportunity to buy the stock and target the NOK 57.9.


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

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


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

● Historically, the company has been releasing figures that are above expectations.

● Its low valuation, with P/E ratio at 3.18 and 12.38 for the ongoing fiscal year and 2021 respectively, makes the stock pretty attractive with regard to earnings multiples.

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

● For several months, analysts have been revising their EPS estimates roughly upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.


● Technically, the stock approaches a strong medium-term resistance at NOK 54.7.

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

● The group shows a rather high level of debt in proportion to its EBITDA.

● The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.

● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.

● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 52.8 NOK

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