Iberdrola, S.A. : Back on a long term support level
Entry price | Target | Stop-loss | Potential |
---|
€5.99 |
€7.4 |
€5.3 |
+23.46% |
---|
Shares in Iberdrola are currently testing the support level at 5.98 EUR on the weekly chart. Investors should regard the recent downward movement as an opportunity to go long the stock.
Summary● The company has solid fundamentals for a short-term investment strategy.
Strengths● 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 5.98 EUR in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● The group's high margin levels account for strong profits.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The company's attractive earnings multiples are brought to light by a P/E ratio at 13.19 for the current year.
● This company will be of major interest to investors in search of a high dividend stock.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● One of the major weak points of the company is its financial situation.
● The company's earnings releases usually do not meet expectations.
● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 6.46 EUR
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