Bekaert NV : The underlying trend is to the upside
Entry price | Target | Stop-loss | Potential |
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€38.08 |
€45.69 |
€33.15 |
+19.98% |
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Shares in Bekaert NV show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems 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● With a P/E ratio at 12.04 for the current year and 10.72 for next year, earnings multiples are highly attractive compared with competitors.
● The stock, which is currently worth 2021 to 0.67 times its sales, is clearly overvalued in comparison with peers.
● 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.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
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Weaknesses
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