Spanish stock alert

SPAIN

CLOSING UPDATE: Renta Corporacion Real Estate continues significant downtrend, decreases further 0.8% 20 October 2017 19:21 CEST

NEWS BITES - EUROPE

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

Renta Corporacion Real Estate, Spain's 7th largest real estate company by market capitalisation, continued its significant downtrend and dropped 5.50c (or 2.1%) to trade at EUR2.62 today. Compared with the IBEX 35 Index which rose 25.2 points (or 0.2%) in the day, this represented a relative price change of -2.3%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.12 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price tumbled 9.0% in the last week and plummeted 18.4% in the last month.

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

Overvaluation:

+ Price/Earnings of 20.9 [7.9]

+ Price/Sales of 4.9 [3.6]

+ Price to Book of 2.6 [0.9]

+ Return on Assets 5.7% [7.3%]

+ Return on Capital Employed 5.3% [9.2%]

Note

Renta Corporacion Real Estate today is at a discount of 24.5% to the 12-month high of EUR3.47 on 28 Aug, 2017. It is at a premium of 51.5% to the 12-month low of EUR1.73 on 07 Dec, 2016.

Bullish Signals:

The stock has outperformed 94% of the Spanish market over the past 6 months.

In the last three months the stock has hit a new 52-week high twice.

Tobin's Q Ratio is 1.2. Compared with the rest of the market the stock is undervalued.

Net profit margin has averaged 38.6% 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 of 12.0% is better than sector average of 10.9%.

TODAY'S ALERT

Morning Alert: Renta Corporacion Real Estate continues significant downtrend, decreases 1.3%

20 October 2017 11:38 CEST

Renta Corporacion Real Estate, S.A. (MA:REN) continued its significant downtrend and decreased 3.50c (or 1.3%) to trade at EUR2.64 today.

RECENT ALERTS

CLOSING UPDATE: Renta Corporacion Real Estate down 6.8% in 2 days

19 October 2017 19:21 CEST

Renta Corporacion Real Estate, Spain's 7th largest real estate company by market capitalisation, extended its slide on Thursday, shedding an additional 12.0c (or 4.3%) to trade at EUR2.67. Trading volume was 86% of average at the end of the day. The shares have fallen 19.50c (or 6.8%) over the past two trading days vs. the IBEX 35 Index which has fallen 0.2% in the same period.

Afternoon Alert: Renta Corporacion Real Estate continues significant downtrend, drops 3.4%

19 October 2017 14:41 CEST

Renta Corporacion Real Estate, S.A. (MA:REN) continued its significant downtrend and dropped 9.50c (or 3.4%) to trade at EUR2.70 today.

Renta Corporacion Real Estate, S.A. (MA:REN; MCE:REN; MC:REN; SM:REN)

ISIN: ES0173365018

PermID: 4295889663

Source: www.BuySellSignals.com