Grenke AG : Good timing to anticipate a continuation of the trend
Entry price | Target | Stop-loss | Potential |
---|
€100.9 |
€110 |
€90 |
+9.02% |
---|
Grenke AG's shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Strengths● Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
● The group's activity appears highly profitable thanks to its outperforming net margins.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 88.15 EUR
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 103.
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● With an expected P/E ratio at 35.42 and 28.71 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
● The company is not the most generous with respect to shareholders' compensation.
● For the last few months, analysts have been revising downwards their earnings forecast.
● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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