The recent downward movement has sent Umicore shares back to attractive levels situated around 48.31 EUR. This zone could put an end to the downward movement and offers a good timing for new long positions. Investors have an opportunity to buy the stock and target the € 53.02.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
The company returns high margins, thereby supporting business profitability.
The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
For the past seven days, analysts have been lowering their EPS expectations for the company.
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