DFDS A/S shares are trading close to a resistance zone which currently limits any upside potential. We expect that this level will be broken due to the stock's technical chart pattern. Investors have an opportunity to buy the stock and target the DKK 405.
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.
The group's high margin levels account for strong profits.
Historically, the company has been releasing figures that are above expectations.
With a P/E ratio at 12.84 for the current year and 11.82 for next year, earnings multiples are highly attractive compared with competitors.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
The stock is close to a major daily resistance at DKK 371.3, which should be gotten rid of so as to gain new appreciation potential.
With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
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