Michelin (CGDE) : Close to an important medium term support level
Entry price | Target | Stop-loss | Potential |
---|
€26.88 |
€30 |
€25 |
+11.61% |
---|
The medium term support area around 25.99 EUR should allow Michelin (CGDE) shares to re-establish an upward trend in the short term.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● The company presents an interesting fundamental situation from a short-term investment perspective.
● The company has a good ESG score relative to its sector, according to Refinitiv.
Strengths● The company's attractive earnings multiples are brought to light by a P/E ratio at 9 for the current year.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● The company's share price in relation to its net book value makes it look relatively cheap.
● This company will be of major interest to investors in search of a high dividend stock.
Weaknesses● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
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