Assicurazioni Generali S.p.A. : No turn-around in sight

04/13/2021 | 05:18am EDT

Eduardo Yusseppe Quiñonez Diaz

long trade Target price hit

Entry price : 17.07€ | Target : 19.6€ | Stop-loss : 14.9€ | Potential : 14.82%

The underlying tendency is to the upside for shares in Assicurazioni Generali S.p.A. and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated. Investors have an opportunity to buy the stock and target the € 19.6.

Summary

• In a short-term perspective, the company has interesting fundamentals.

Strengths

• The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.43 for the 2021 fiscal year.
• Its low valuation, with P/E ratio at 10.21 and 9.68 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.
• This company will be of major interest to investors in search of a high dividend stock.
• The stock is in a well-established, long-term rising trend above the technical support level at 14.09 EUR

Weaknesses

• Technically, the stock approaches a strong medium-term resistance at EUR 17.17.
• According to forecast, a sluggish sales growth is expected for the next fiscal years.

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