Legrand : The calm spell can be taken advantage of to put on new positions
Entry price | Target | Stop-loss | Potential |
---|
€79.3 |
€97 |
€70 |
+22.32% |
---|
After several weeks of range-bound movement, shares in Legrand could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility.
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 past year, analysts have regularly revised upwards their sales forecast for the company.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● 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.
● Over the past four months, analysts' average price target has been revised downwards significantly.
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