Legrand : Close to a key resistance level
Entry price | Target | Stop-loss | Potential |
---|
€73.6 |
€82 |
€68 |
+11.41% |
---|
Shares in Legrand are approaching an important resistance level. The stock's technical chart suggests that this pivot level will be broken.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● The company presents an interesting fundamental situation from a short-term investment perspective.
● According to Refinitiv, the company's ESG score for its industry is good.
Strengths● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
● 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 group usually releases upbeat results with huge surprise rates.
Weaknesses● In relation to the value of its tangible assets, the company's valuation appears relatively high.
● Over the past four months, analysts' average price target has been revised downwards significantly.
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