BMW - BULISH SCENARIO
Bayerische Motoren Werke AG, abbreviated as BMW is a German multinational manufacturer of performance luxury vehicles and motorcycles headquartered in Munich, Bavaria, Germany.
The company is one of the most popular and respected manufacturers among car enthusiasts.
If we consider some of the most popular fundamental ratios, a P/E of 4.96 (the industry`s average P/E is 8.14) and a P/B ratio of 0.46 versus its industry's average P/B of 0.84 BMW is undervalued.
Also, the company is rated with a "Strong buy" and a Value grade of A.
The first resistance is located at 83
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The company is one of the most popular and respected manufacturers among car enthusiasts.
If we consider some of the most popular fundamental ratios, a P/E of 4.96 (the industry`s average P/E is 8.14) and a P/B ratio of 0.46 versus its industry's average P/B of 0.84 BMW is undervalued.
Also, the company is rated with a "Strong buy" and a Value grade of A.
The first resistance is located at 83
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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