Legrand : A medium term support level to take advantage of
Entry price | Target | Stop-loss | Potential |
---|
€83.24 |
€94 |
€78 |
+12.93% |
---|
The support at 80.28 EUR, which is currently being tested, should allow Legrand shares to move back to the upside.
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.
● According to Refinitiv, the company's ESG score for its industry is good.
Strengths● Over the last twelve months, the sales forecast has been frequently revised upwards.
● The opinion of analysts covering the stock has improved over the past four months.
● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
● The group usually releases upbeat results with huge surprise rates.
Weaknesses● In relation to the value of its tangible assets, the company's valuation appears relatively high.
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