Kaufman & Broad SA : Close to an important medium term support level
Entry price | Target | Stop-loss | Potential |
---|
€38.98 |
€41.2 |
€37.9 |
+5.7% |
---|
The recent downward movement has sent Kaufman & Broad shares back to attractive levels situated around 38.02 EUR. This zone could put an end to the downward movement and offers a good timing for new long positions.
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 close medium term support offers good timing for purchasing the stock.
● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● The stock, which is currently worth 2017 to 0.59 times its sales, is clearly overvalued in comparison with peers.
● The company's attractive earnings multiples are brought to light by a P/E ratio at 14.24 for the current year.
● The company is one of the best yield companies with high dividend expectations.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 36.65 EUR
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