IPSEN ● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 64.05 EUR in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● The group's high margin levels account for strong profits.
● Its low valuation, with P/E ratio at 9.72 and 9.36 for the ongoing fiscal year and 2021 respectively, makes the stock pretty attractive with regard to earnings multiples.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses
● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
● The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
● For the last few months, analysts have been revising downwards their earnings forecast.
● The underlying tendency is negative on the weekly chart below the resistance at 91.15 EUR
