(NEX) Nexans S.A. - Ratings and Ratios

Nexans S.A. is a global leader in the cable manufacturing industry, operating in multiple countries including France, Canada, Norway, and Germany. The company is organized into four main business segments: Building & Territories, Generation & Transmission, Industry & Solutions, and Other Activities. Its product portfolio includes energy distribution cables, equipment cables for buildings, and cabling solutions for various industries such as transport, renewable energy, and oil and gas.

The companys expertise extends beyond cable manufacturing to include design, engineering, financing, and asset management for complex infrastructure projects, such as offshore wind farms and subsea interconnections. Nexans S.A. also provides smart solutions for the oil and gas sector and cabling and connectivity solutions for original equipment manufacturers (OEMs) and industrial infrastructure project managers. With a history dating back to 1994, the company has established itself as a major player in the industry, with its headquarters located in Courbevoie, France.

From a technical analysis perspective, Nexans S.A.s stock price has been trending upwards, with its short-term and long-term moving averages indicating a potential buy signal. The stocks Relative Strength Index (RSI) is not provided, but its current price is above its 20-day and 50-day simple moving averages (SMA20: 100.44, SMA50: 93.14), suggesting a positive momentum. However, the stock is currently below its 200-day simple moving average (SMA200: 104.47), which may indicate a longer-term bearish trend.

Using the provided technical and fundamental data, a forecast for Nexans S.A. can be made. With a market capitalization of 4448.96M EUR and a forward P/E ratio of 14.27, the company appears to be undervalued relative to its peers. Additionally, its return on equity (RoE) of 29.12% indicates strong profitability. Based on these metrics, a potential price target for Nexans S.A. could be around 120 EUR, representing a 17% increase from its current price of 102.30 EUR. This forecast is based on the assumption that the companys financial performance will continue to improve, driven by its strong presence in the cable manufacturing industry and its diversified product portfolio.