Munich Re : First signs of a reversal
Entry price | Target | Stop-loss | Potential |
---|
€182.7 |
€177 |
€186.25 |
+3.12% |
---|
Shares in Münchener Rück show signs of an exhaustion of the upward trend. A correction phase appears to be the most likely scenario.
Summary● In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.
Strengths● With a P/E ratio at 12.06 for the current year and 11.44 for next year, earnings multiples are highly attractive compared with competitors.
● This company will be of major interest to investors in search of a high dividend stock.
● The tendency within the weekly time frame is positive above the technical support level at 162.6 EUR
Weaknesses● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
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