Elior Group : The calm spell can be taken advantage of to put on new positions
BUY
Conditionne
Stop-loss triggered
| Entry price | Target | Stop-loss | Potential |
|---|
|
€13.6 |
€16.15 |
€12.4 |
+18.75% |
|---|
From a horizontal accumulation phase, the timing seems good to buy shares in Elior Group and to get ahead of a break-out on the upside of the congestion area.
Strengths● The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.59 for the 2019 fiscal year.
● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● The company's earnings releases usually do not meet expectations.
● For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
● For the past year, analysts have significantly revised downwards their profit estimates.
● Below the resistance at 14.48 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
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ELIOR GROUP 
