Bilfinger is a company engaged in the provision of civil and industrial construction, engineering and related services.

The company has strong quality ratings on trading and investment section. Furthermore, an improvement in net income by 43% over the last year is anticipated. Analyst’s consensus on this stock stays buyer for the current year. In addition, the company is undervalued for a P/E ratio of 15.3 for the current year and 13.1 for the next year.

Technically, the security shows a long term bullish trend, it already broke the pivot point at EUR 88.1 and looks for breaking the trend line in order to consolidate the movement. This should represent the stepping stone for reaching the target at EUR 95.8 which corresponds to the weekly resistance level.

The current price EUR 88.5 represents an attractive entry level for investors in order to take a long position on Bilfinger. The target is set at EUR 95.8. The stop-loss order is placed below the 20-day moving average (EUR 85.4).