Safran : The stock approaches again the support level
Entry price | Target | Stop-loss | Potential |
---|
€137.8 |
€146 |
€132 |
+5.95% |
---|
Shares in Safran currently show the technical configuration of a trading range. The recently observed decline yields a good timing for new long positions close to the support level.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● The tendency within the weekly time frame is positive above the technical support level at 135 EUR
Weaknesses● The company is not the most generous with respect to shareholders' compensation.
● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
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