(News Bulletin 247) – The group’s valuation is historically low at less than 8 times profits. The dividend yield is exceptional at more than 7% for a Cac40 value.
KEY GRAPHIC ELEMENTS
The stock is back at the lower end of its trading range. We will therefore position ourselves as close as possible to the support to aim for a rebound in the stock to around €28.50.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on AXA stock in the short term.
Active investors will take a buying position on AXA shares at a price of €27,280 with a target of €28,580 in their sights. They will protect their capital by placing a stop at €26,240.
News Bulletin 247 advice
DAILY DATA CHART
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