Shares in Direct Energie currently show the technical configuration of a trading range. The recently observed decline yields a good timing for new long positions close to the support level. Investors have an opportunity to buy the stock and target the € 36.3.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 31.53 support.
Its core activity has a significant growth potential and sales are expected to surge, according to Thomson Reuters' forecast. Indeed, those may increase by 31% by 2019.
The company shows low valuation levels, with an enterprise value at 0.68 times its sales.
With a P/E ratio at 13.1 for the current year and 10.83 for next year, earnings multiples are highly attractive compared with competitors.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 28.68 EUR
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
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