Kering SA shares are closing back in on major support levels around 518.5 EUR based on daily price data, which could offer attractive entry points. Investors have an opportunity to buy the stock and target the € 620.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 518.5 support.
The group's high margin levels account for strong profits.
The group usually releases upbeat results with huge surprise rates.
Analysts covering this company mostly recommend stock overweighting or purchase.
The tendency within the weekly time frame is positive above the technical support level at 496.6 EUR
With an enterprise value anticipated at 4.57 times the sales for the current fiscal year, the company turns out to be overvalued.
For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
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