Jungheinrich AG : Close to an important medium term support level
Entry price | Target | Stop-loss | Potential |
---|
€31.38 |
€34 |
€30.2 |
+8.35% |
---|
The support at 30.2 EUR, which is currently being tested, should allow Jungheinrich AG shares to move back to the upside.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths● 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 30.2 EUR in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● The group usually releases upbeat results with huge surprise rates.
● 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.
Weaknesses● The underlying tendency is negative on the weekly chart below the resistance at 35.96 EUR
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