The share price of Electricité de France is touching a resistance on the weekly chart at around 13.55 EUR. After the price rise that was seen over the past weeks, the stock's upside potential now appears limited while there is some risque that a correction may occur. Investors should open a short trade and target the € 10.6.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
According to forecast, a sluggish sales growth is expected for the next fiscal years.
The company does not generate enough profits, which is an alarming weak point.
The group shows a rather high level of debt in proportion to its EBITDA.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
For the last few months, analysts have been revising downwards their earnings forecast.
For the past year, analysts have significantly revised downwards their profit estimates.
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