The recent downturn has taken Carrefour shares close to a medium term support level around 13.12 EUR. The timing for a long trade in the stock appears good. Investors should buy the stock at current prices near € 13.12 in order to target the € 14.5.
Summary
In a short-term perspective, the company has interesting fundamentals.
Strengths
The stock, which is currently worth 2020 to 0.25 times its sales, is clearly overvalued in comparison with peers.
With a P/E ratio at 13.7 for the current year and 11.09 for next year, earnings multiples are highly attractive compared with competitors.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
The company has insufficient levels of profitability.
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