Stocks in Société Générale can be expected to start a move to the downside and to pull out of the accumulation zone on the low end. Investors should consider opening a short trade on the Breakdown of the € 22.2 level and target € 20.
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 21.24 EUR in weekly data.
The company returns high margins, thereby supporting business profitability.
The group usually releases upbeat results with huge surprise rates.
Its low valuation, with P/E ratio at 6.35 and 5.51 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.
The company is one of the best yield companies with high dividend expectations.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
For the last four months, EPS estimates made by Thomson-Reuters analysts have been revised downwards.
For the past year, analysts have significantly revised downwards their profit estimates.
The technical configuration over the long term remains negative on the weekly chart below the resistance level at 29.02 EUR
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