Bekaert NV : Below a major resistance level
| Entry price | Target | Stop-loss | Potential |
|---|
|
€26.12 |
€23.9 |
€27.8 |
+8.5% |
|---|
Shares in Bekaert SA are trading close to a major resistance level situated around 27.78 EUR, which limits upside potential and could cause a corrective move to the downside.
Strengths● The company shows low valuation levels, with an enterprise value at 0.61 times its sales.
● Stock prices approach a strong long-term resistance in weekly data at EUR 27.3.
● The stock is close to a major daily resistance at EUR 27.78, which should be gotten rid of so as to gain new appreciation potential.
● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
● The company sustains low margins.
● For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
● For the past year, analysts have significantly revised downwards their profit estimates.
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BEKAERT NV 
