Hugo Boss AG : Back on key levels based on weekly price data
Entry price | Target | Stop-loss | Potential |
---|
€37.5 |
€44 |
€35.1 |
+17.33% |
---|
Shares in Hugo Boss are currently testing the support level at 36.35 EUR on the weekly chart. Investors should regard the recent downward movement as an opportunity to go long the stock.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The share is getting closer to its long-term support in weekly data, at EUR 36.35, which offers good timing for buyers.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● With a P/E ratio at 11.31 for the current year and 10.07 for next year, earnings multiples are highly attractive compared with competitors.
● This company will be of major interest to investors in search of a high dividend stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● For the last few months, analysts have been revising downwards their earnings forecast.
● Below the resistance at 49.29 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
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