From a horizontal accumulation phase, the timing seems good to buy shares in INGENICO and to get ahead of a break-out on the upside of the congestion area. Investors should benefit from the breakout of the € 82.5 level to target the € 90.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The group's high margin levels account for strong profits.
The company is in a robust financial situation considering its net cash and margin position.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
The technical configuration over the long term remains negative on the weekly chart below the resistance level at 87.69 EUR
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