Prysmian S.p.A. : Back on an important level
Entry price | Target | Stop-loss | Potential |
---|
€20.68 |
€24.25 |
€19.6 |
+17.26% |
---|
The support at 20.17 EUR, which is currently being tested, should allow Prysmian S.p.A. shares to move back to the upside.
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.
Strengths● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● The stock, which is currently worth 2019 to 0.67 times its sales, is clearly overvalued in comparison with peers.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The stock is in a well-established, long-term rising trend above the technical support level at 18.15 EUR
Weaknesses● The company does not generate enough profits, which is an alarming weak point.
● The company's earnings releases usually do not meet expectations.
● The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.