There has been very little movement in Trinseo S.A.'s share price. This situation is bound to change. An exit on the upside out of the current trading range should go with a comeback in volatility. Therefore, the timing for new long positions seems good. Investors have an opportunity to buy the stock and target the $ 79.9.
In a short-term perspective, the company has interesting fundamentals.
As regards fundamentals, the enterprise value to sales ratio is at 0.89 for the current period. Therefore, the company is undervalued.
The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
Over the last twelve months, the sales forecast has been frequently revised upwards.
Analysts covering this company mostly recommend stock overweighting or purchase.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 66.3 USD
The stock is close to a major daily resistance at USD 74.2, which should be gotten rid of so as to gain new appreciation potential.
The group usually releases earnings worse than estimated.
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