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The BIC group has published an EBIT up 6 % and a BPA higher than 1 % to expectations, but strongly disappoints on the Free Cash Flow at -14 million euros against +17 million anticipated. Sales recedes 2.7 % in T2, with sequential improvement in all segments. The annual objectives are confirmed.
Key graphics elements
Technically, the title returns to a support level corresponding to the low terminal of the rang. The invalidation is clear: a fence under 50 euros would question the Haussier scenario. As long as this threshold is preserved, the objective remains a return to the high terminal around 55 euros.
FORECAST
In view of the key graphic factors that we have mentioned, our opinion is bullish on the BIC action in the short term.
Active investors will take a position on purchase on the BIC title during € 51,700 with a target at € 55,400 online. They will protect their capital by placing a stop at € 49,550.
The News Bulletin 247 Council
Daily data graphics
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