Elior Group : Close to a support level
Entry price | Target | Stop-loss | Potential |
---|
€22.4 |
€24.5 |
€21.35 |
+9.38% |
---|
Elior shares have been fluctuating horizontalally for several weeks. As the share price approaches the lower bounds, a buying opportunity could arise.
Summary● The company has solid fundamentals for a short-term investment strategy.
Strengths● The share is getting closer to its long-term support in weekly data, at EUR 21.89, which offers good timing for buyers.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 21.44 support.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
● The tendency within the weekly time frame is positive above the technical support level at 21.89 EUR
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