French stock alert

FRA

CLOSING UPDATE: BNP Paribas hits 52-week low third time in one month 17 August 2018 18:06 CEST

NEWS BITES - EUROPE

This is an end of day Alert, produced after today's French market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

BNP Paribas, France's largest bank by market capitalisation, hit a 52-week low of EUR50.39 earlier today for the third time in the past one month, but later rebounded higher to EUR50.99. Trading volume was 1.3 times average at the end of the day. Compared with the CAC 40 Index which fell 4.1 points (or 0.08%) in the day, this represented a relative price change of -0.7%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.56 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The stock has underperformed 72% of the French market over the past 6 months.

+ In the last one month the stock has hit a new 52-week low thrice and in the last three months eight times, pointing to a significant downtrend.

+ The price dropped 3.0% in the last week and 2.2% in the last month.

Note

Bullish Signals:

Net profit margin has averaged 19% in the last 3 years. This is considered superior and suggests a high margin of safety.

As per the Du Pont analysis, Return on Equity is less than stellar at 7.2%. Also, this has deteriorated from 8.5% last year.

Oversold/Bullish:

The 1.2% premium to 12-month low of EUR50.39 against the 22.2% discount to high of EUR65.52 suggests the decline might be bottoming.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Price to Book of 0.7 [0.8]

Dividend yield of 5.9% [2.5%]

Return on Equity 7.2% [6.5%]

Return on Assets 0.4% [0.3%]

TODAY'S ALERTS

Afternoon Alert: BNP Paribas decreases 1.6%, leads market lower

17 August 2018 14:15 CEST

BNP Paribas (FR:BNP) has decreased 1.6% to trade at EUR50.60 vs. the CAC 40 Index which weakened 12.2 points (or 0.2%) to 5,336.8. Representing a weighting of about 4.2% of the index, the stock accounted for 28.6% of today's loss. The shares have underperformed 88% of the market in the past week. Trading volume was 1.5 times average so far today.

Afternoon Alert: BNP Paribas decreases 1.0%, leads market lower

17 August 2018 12:09 CEST

BNP Paribas (FR:BNP) has decreased 1.0% to trade at EUR50.89 vs. the CAC 40 Index which weakened 1.1 points (or 0.02%) to 5,347.9. Representing a weighting of about 4.2% of the index, the stock accounted for the loss. The shares have underperformed 85% of the market in the past week. Trading volume was 90% of average so far today.

RECENT ALERTS

Afternoon Alert: BNP Paribas increases 0.6%, leads Bank sector higher

16 August 2018 14:08 CEST

BNP Paribas (FR:BNP) has increased 0.6% to trade at EUR51.72 vs. the Bank sector which strengthened 8.6 points (or 0.2%) to 3,880.8. Representing a weighting of about 21.1% of the sector, the stock accounted for 59.6% of today's gain. Trading volume was 66% of average so far today.

CLOSING UPDATE: BNP Paribas hits 52-week low second time in one month

15 August 2018 18:06 CEST

BNP Paribas, France's largest bank by market capitalisation, hit a 52-week low of EUR51.02 earlier today for the second time in the past one month, but later rebounded higher to EUR51.40. Trading volume was 1.5 times average at the end of the day. Compared with the CAC 40 Index which fell 98.2 points (or 1.8%) in the day, this represented a relative price increase of 0.9%.

BNP Paribas (FR:BNP; EPA:BNP; PA:BNP; FP:BNP)

ISIN: FR0000131104

PermID: 4295997140

Source: www.BuySellSignals.com