The technical support around 156.5 EUR emanating from daily closing prices could trigger a technical rebound for Groupe Seb shares. Investors have an opportunity to buy the stock and target the € 167.4.
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 close medium term support offers good timing for purchasing the stock.
There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 133.65 EUR
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
Analysts covering the stock have recently lowered their earnings forecast.
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