GEA Group AG : Upcoming technical rebound
By Camille Chretien
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€0 | €0 | €26.4 | +-NaN% |
The company is relatively low valued with a P/E ratio of 13.5x (sector 15.37x) and an EV/Sales ratio of 0.95x (sector 1.34x) for 2013. Further, the firm is healthy with a leverage (net Debt/EBITDA) of 0.5x in 2012 (sector 0.9x).
Technically, the trend is bullish in the medium and long term. However, prices slightly ran out of steam and are back to a major support level. Indeed, the proximity of EUR 26.7 should, helped by the 100-day moving average, allow to the security to bounce towards EUR 29.2.
In this configuration, investors could take a buy order on this level and get a good entry point to aim EUR 29.2. A stop must be placed below the EUR 26.7 medium term support.