The recent downward movement has sent HeidelbergCement AG shares back to attractive levels situated around 70.48 EUR. This zone could put an end to the downward movement and offers a good timing for new long positions. Investors have an opportunity to buy the stock and target the € 79.88.
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.
Its low valuation, with P/E ratio at 9.61 and 8.96 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.
As regards fundamentals, the enterprise value to sales ratio is at 1.11 for the current period. Therefore, the company is undervalued.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
According to forecast, a sluggish sales growth is expected for the next fiscal years.
ę MarketScreener.com 2021
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