Ahold Delhaize N.V. : The trend should regain control
Entry price | Target | Stop-loss | Potential |
---|
€22.41 |
€24 |
€21.45 |
+7.1% |
---|
Shares in Ahold Delhaize show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.46 for the 2018 fiscal year.
● 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.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● The tendency within the weekly time frame is positive above the technical support level at 20.09 EUR
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.
● According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
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