Assa Abloy AB : Technically solid
Entry price | Target | Stop-loss | Potential |
---|
SEK 299.5 |
SEK 327 |
SEK 285 |
+9.18% |
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Assa Abloy AB's shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.
Strengths● Over the last twelve months, the sales forecast has been frequently revised upwards.
● The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
● Analyst opinion has improved significantly over the past four months.
● Consensus analysts have strongly revised their opinion of the company over the past 12 months.
● 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 firm trades with high earnings multiples: 23.97 times its 2023 earnings per share.
● In relation to the value of its tangible assets, the company's valuation appears relatively high.
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Surperformance is Buy on ASSA ABLOY AB since 2023-05-10
.