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The title benefits from fundamental solids. Oddo BHF recently reiterated its overperformance recommendation, by raising its target of 185 to 200 euros. The action remains attractive, with a dividend yield greater than 5 % and a modest valuation at 15 times the profits.
Key graphics elements
Technically, the title evolves into lateral consolidation within a trading ranges, interpreted as a reactive figure. This type of configuration, generally considered as a figure of continuation, suggests an increased probability of upward exit. This hypothesis is reinforced by the dynamics of volumes, oriented to purchase. In the event of confirmed crossing at a daily fence, operators will be able to target the 180 to 185 euros area in the coming weeks.
FORECAST
In view of the key graphic factors that we have mentioned, our opinion is bullish on the GTT action in the short term.
Active investors will take a position on purchase on the GTT title during 167,800 € with a target at 185,000 € online in sight. They will protect their capital by placing a stop at € 153,900.
The News Bulletin 247 Council
Daily data graphics
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