Bekaert NV : No turn-around in sight
| Entry price | Target | Stop-loss | Potential |
|---|
|
€41.95 |
€44 |
€39.95 |
+4.89% |
|---|
The timing appears opportune to go long in shares of Bekaert as we anticipate another pick-up in the underlying trend.
Summary● In a short-term perspective, the company has interesting fundamentals.
● As regards fundamentals, the enterprise value to sales ratio is at 0.91 for the current period. Therefore, the company is undervalued.
● The tendency within the weekly time frame is positive above the technical support level at 38.49 EUR
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● For the past seven days, analysts have been lowering their EPS expectations for the company.
● For the past year, analysts have significantly revised downwards their profit estimates.
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BEKAERT NV 
