● 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 71.2 EUR in weekly data.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 66.14 support.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses
● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
● For the last few months, analysts have been revising downwards their earnings forecast.
● For the past year, analysts have significantly revised downwards their profit estimates.
● Below the resistance at 94.98 EUR, the stock shows a negative configuration when looking looking at the weekly chart.