The medium term support area around 23.88 EUR should allow Royal Dutch Shell A shares to re-establish an upward trend in the short term. Investors have an opportunity to buy the stock and target the € 26.
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 23.72 EUR in weekly data.
The close medium term support offers good timing for purchasing the stock.
As regards fundamentals, the enterprise value to sales ratio is at 0.97 for the current period. Therefore, the company is undervalued.
With a P/E ratio at 14.01 for the current year and 12.89 for next year, earnings multiples are highly attractive compared with competitors.
This company will be of major interest to investors in search of a high dividend stock.
Sales forecast by analysts have been recently revised upwards.
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 23.72 EUR
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
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.
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