(News Bulletin 247) – The group’s valuation is very low, less than 10 times profits for the current year. Additionally, the stock offers an expected dividend yield of 5% next year.
KEY GRAPHIC ELEMENTS
Technically the stock is back on an important monthly horizontal level. A rebound had already been initiated during the first test of the zone. Polarity should work again.
Considering the key chart factors we mentioned, our view is bullish on ERAMET stock in the short term.
Active investors will take a purchase position on ERAMET shares at a price of €63,000 with a target of €70,000 in their sights. They will protect their capital by placing a stop at €57,550.
News Bulletin 247 advice
DAILY DATA CHART
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.