Tryg A/S : Close to an important medium term support level
| Entry price | Target | Stop-loss | Potential |
|---|
|
DKK 188.8 |
DKK 203 |
DKK 182 |
+7.52% |
|---|
The recent downward movement has sent Tryg A/S shares back to attractive levels situated around 182.9 DKK. This zone could put an end to the downward movement and offers a good timing for new long positions.
Strengths● The share is getting closer to its long-term support in weekly data, at DKK 185, which offers good timing for buyers.
● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
● 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.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● The stock is in a well-established, long-term rising trend above the technical support level at 185 DKK
● Most analysts agree on a negative opinion with regard to the stock. Indeed, the average consensus issues recommendations to underperform or sell.
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TRYG A/S 
