Ahold Delhaize N.V. : Underpinned by a support level
Entry price | Target | Stop-loss | Potential |
---|
€19.45 |
€21 |
€18.6 |
+7.96% |
---|
The recent downturn has taken Ahold Delhaize shares close to a medium term support level around 18.83 EUR. The timing for a long trade in the stock appears good.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● The share is getting closer to its long-term support in weekly data, at EUR 18.83, which offers good timing for buyers.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.43 for the 2018 fiscal year.
● The company is one of the best yield companies with high dividend expectations.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 18.83 EUR
Weaknesses● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
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