CTS Eventim AG & Co. KGaA : Close to a key resistance level
BUY
Conditionne
Stop-loss triggered
Entry price | Target | Stop-loss | Potential |
---|
€32.7 |
€35.6 |
€32 |
+8.87% |
---|
CTS Eventim AG & Co KGaA shares are reaching an interesting resistance zone. The current technical chart pattern suggests that a breach of this level could lead to new upside potential.
Strengths● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
Weaknesses● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● The group usually releases earnings worse than estimated.
● The company's enterprise value to sales, at 3.59 times its current sales, is high.
● The company benefits from high valuations in earnings multiples.
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