(News Bulletin 247) – The stock is below the historical average of its valuation while the fundamentals are improving. Additionally, the stock is supported as a buy by analyst comments. Indeed, Gilbert Dupont maintains its accumulate recommendation with a price target raised from 39 to 43 euros on the stock.
KEY GRAPHIC ELEMENTS
The stock is back near its ascending 50-period moving average which should act as dynamic support in the short term. We will aim for a return to recent highs.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on AUBAY stock in the short term.
Active investors will take a purchase position on AUBAY shares at a price of €39,300 with a target of €43,300 in their sights. They will protect their capital by placing a stop at €35,100.
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.
