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.
The company's attractive earnings multiples are brought to light by a P/E ratio at 14.58 for the current year.
The company is one of the best yield companies with high dividend expectations.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 12.79 EUR
Stock prices approach a strong long-term resistance in weekly data at EUR 14.82.
According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
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.
Analysts covering the stock have recently lowered their earnings forecast.