After accumulation, acceleration. Timing appears favorable to go long in shares of Engie and to anticipate an exit of the trading range on the upside. Investors have an opportunity to buy the stock and target the € 15.5.
The company has solid fundamentals for a short-term investment strategy.
The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
With a P/E ratio at 14.1 for the current year and 13.75 for next year, earnings multiples are highly attractive compared with competitors.
The company is one of the best yield companies with high dividend expectations.
For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
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 12.79 EUR
Stock prices approach a strong long-term resistance in weekly data at EUR 14.75.
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.
For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.