Verbund AG : The upward trend should continue
Entry price | Target | Stop-loss | Potential |
---|
€49 |
€55.1 |
€45.4 |
+12.45% |
---|
VERBUND AG shares have recently benefited from a buyers' comeback, which was accompanied by a rise in volumes and volatility. This situation suggests a continuation of the upward dynamic.
Strengths● The company returns high margins, thereby supporting business profitability.
● The group usually releases upbeat results with huge surprise rates.
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 49.64.
● The stock is close to a major daily resistance at EUR 52.45, which should be gotten rid of so as to gain new appreciation potential.
● With an enterprise value anticipated at 4.97 times the sales for the current fiscal year, the company turns out to be overvalued.
● Most analysts recommend that the stock should be sold or reduced.
● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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