From a horizontal accumulation phase, the timing seems good to buy shares in EVN AG and to get ahead of a break-out on the upside of the congestion area. Investors have an opportunity to buy the stock and target the € 15.5.
Summary
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
Strengths
The group usually releases upbeat results with huge surprise rates.
The company's attractive earnings multiples are brought to light by a P/E ratio at 12.72 for the current year.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
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.
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