La Française des Jeux shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated. Investors have an opportunity to buy the stock and target the € 35.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Sales forecast by analysts have been recently revised upwards.
For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 23.96 EUR
The stock is close to a major daily resistance at EUR 31.92, which should be gotten rid of so as to gain new appreciation potential.
The company benefits from high valuations in earnings multiples.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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