From a horizontal accumulation phase, the timing seems good to buy shares in Renault and to get ahead of a break-out on the upside of the congestion area. Investors have an opportunity to buy the stock and target the € 98.75.
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.
Renault accounts for 4.35 % of our European Portfolio. A trade is currently open since 04/09/2015 with a purchase price of € 87.13. Discover the other 19 stocks of the European portfolio managed by the 4-traders portfolio management team.
The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 85.87 EUR in weekly data.
The group usually releases upbeat results with huge surprise rates.
The stock, which is currently worth 2018 to 0.36 times its sales, is clearly overvalued in comparison with peers.
Its low valuation, with P/E ratio at 5.51 and 5.28 for the ongoing fiscal year and 2019 respectively, makes the stock pretty attractive with regard to earnings multiples.
This company will be of major interest to investors in search of a high dividend stock.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
The tendency within the weekly time frame is positive above the technical support level at 85.87 EUR
According to forecast, a sluggish sales growth is expected for the next fiscal years.
Revenue estimates are regularly revised downwards for the current and coming years.
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