(News Bulletin 247) – The luxury group has the lowest valuation in the sector linked to a concentration of turnover on its Gucci brand. Yet fundamentals still suggest years of growth, strong margins and corporate deleveraging.
KEY GRAPHIC ELEMENTS
The title is consolidating inside a range. We can therefore exploit the return on the lower limit to exploit a rebound towards the resistance of €600.
FORECAST
Looking at the key chart factors we have mentioned, our view is bullish on KERING stock in the short term.
Active investors will take a buying position on the KERING share price at €559,000 with a target of €600,000 in sight. They will protect their capital by placing a stop at €518,200.
The News Bulletin 247 board
CHART IN DAILY DATA
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