AstraZeneca PLC : The underlying trend is in force again
Entry price | Target | Stop-loss | Potential |
---|
GBX 7,588 |
GBX 8,140 |
GBX 7,140 |
+7.27% |
---|
Shares in AstraZeneca PLC 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.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Its core activity has a significant growth potential and sales are expected to surge, according to Standard & Poor's' forecast. Indeed, those may increase by 42% by 2022.
● The group's high margin levels account for strong profits.
● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
● For several months, analysts have been revising their EPS estimates roughly upwards.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● The company's enterprise value to sales, at 4.28 times its current sales, is high.
● With a 2020 P/E ratio at 31.67 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
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