Munich Re : First signs of a reversal
Entry price | Target | Stop-loss | Potential |
---|
€163.8 |
€141.2 |
€171 |
+13.8% |
---|
Shares in Muenchener Rueckversicherungs-Ges. AG show a deteriorated chart pattern with the risk of a trend reversal. A phase of declining share prices seems to establish itself.
Summary● In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.
Strengths● Its low valuation, with P/E ratio at 10.8 and 10.68 for the ongoing fiscal year and 2017 respectively, makes the stock pretty attractive with regard to earnings multiples.
● The company is one of the best yield companies with high dividend expectations.
● Sales forecast by analysts have been recently revised upwards.
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
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