Brembo N.V. : No turn-around in sight
Entry price | Target | Stop-loss | Potential |
---|
€14.5 |
€15.5 |
€13.8 |
+6.9% |
---|
The timing appears opportune to go long in shares of Freni Brembo SpA as we anticipate another pick-up in the underlying trend.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The group's high margin levels account for strong profits.
● Historically, the company has been releasing figures that are above expectations.
● The tendency within the weekly time frame is positive above the technical support level at 12.42 EUR
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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