ProSiebenSat.1 Media SE : A long term support level to be taken advantage of
Entry price | Target | Stop-loss | Potential |
---|
€22.33 |
€27 |
€21.3 |
+20.91% |
---|
ProSiebenSat.1 Media shares are closing near attractive entry levels for a medium term horizon. Investors could regard the decline over the past weeks as a buying opportunity.
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 21.63 EUR in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● The group's activity appears highly profitable thanks to its outperforming net margins.
● With a P/E ratio at 10.86 for the current year and 9.36 for next year, earnings multiples are highly attractive compared with competitors.
● The company is one of the best yield companies with high dividend expectations.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● Revenue estimates are regularly revised downwards for the current and coming years.
● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 26.23 EUR
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