Assa Abloy AB : Underpinned by a support level
Entry price | Target | Stop-loss | Potential |
---|
SEK 237.1 |
SEK 260 |
SEK 220 |
+9.66% |
---|
The support at 232.8 SEK, which is currently being tested, should allow Assa Abloy AB 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.
● The company has a good ESG score relative to its sector, according to Refinitiv.
Strengths● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
● Over the past four months, analysts' average price target has been revised upwards significantly.
● The group usually releases upbeat results with huge surprise rates.
Weaknesses● Over the past twelve months, analysts' opinions have been revised negatively.
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Surperformance is Buy on ASSA ABLOY AB since 10/05/2023
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