Brenntag SE : Expect the comeback of a strong trend
Published on 11/05/2019
at 06:54 am GMT
| Entry price | Target | Stop-loss | Potential |
|---|
|
€45.75 |
€47.73 |
€44.61 |
+4.33% |
|---|
Brenntag AG shares are locked into a trading range. This phase will eventually have to end with a return of a clear trend.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
● 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.
● The stock, which is currently worth 2019 to 0.69 times its sales, is clearly overvalued in comparison with peers.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● Stock prices approach a strong long-term resistance in weekly data at EUR 48.21.
● 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 company sustains low margins.
● The group usually releases earnings worse than estimated.
● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
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2019
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