La Française des Jeux : A support level that should be taken advantage of
| Entry price | Target | Stop-loss | Potential |
|---|
|
€38 |
€41.5 |
€36 |
+9.21% |
|---|
The recent downward movement has sent La Française des Jeux shares back to attractive levels situated around 36.79 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 companies have a lower mix of growth, profitability, debt and visibility.
● Overall, and from a short-term perspective, the company presents an interesting fundamental situation.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● The opinion of analysts covering the stock has improved over the past four months.
● 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 company appears highly valued given the size of its balance sheet.
● Over the past twelve months, analysts' consensus has been significantly revised downwards.
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LA FRANÇAISE DES JEUX 
