Manufacturing PMI Update: The HCOB France Manufacturing PMI rose slightly to 48.8 in October, up from 48.2 in September, but still indicates contraction in the manufacturing sector as it remains below the growth threshold.
Declining Factory Output: Factory output has significantly decreased due to a drop in new orders, with manufacturers expecting lower production levels over the next year.
Economic Uncertainty: The ongoing political crisis in France is contributing to economic uncertainty, negatively impacting the business environment and leading to competitive pressures that result in price discounting.
Sector-wide Decline: All main manufacturing sub-sectors are experiencing a decline in output, reinforcing the contraction trend in the French manufacturing industry.
Wall Street analysts forecast EWQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast EWQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 45.160
Low
Averages
High
Current: 45.160
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
