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The group has announced a new share buyback program for a maximum amount representing up to 2% of its share capital. The stock is defensive and resists the downward pressure on the Parisian index in the short term. Goldman Sachs maintains its buy recommendation on the stock with a price target raised from 89 to 90 euros.
KEY GRAPHIC ELEMENTS
Technically the stock has just crossed a resistance level and is in good shape facing its bearish gap. The absence of selling volumes and the green colored candlesticks indicate underlying buying pressure.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on EUROFINS SCIENT stock. in the short term.
Active investors will take a purchase position on the EUROFINS SCIENT stock. at €48,860 with a target of €52,000 in sight. They will protect their capital by placing a stop at €46,880.
News Bulletin 247 advice
DAILY DATA CHART
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