AEG Price Prediction Next Week
Technical Analysis
Recent price action shows AEG trading at $6.66, with a -0.60% decline in the last session. The stock has formed a consolidation pattern between $6.59-$6.69 range.
News Impact Analysis
- Morgan Stanley recently raised price target to EUR 7.20 from EUR 7 while maintaining Equal Weight rating
- Spruce Point Capital issued a 'Strong Sell' recommendation with 25%-50% long-term downside potential
- Company announced EUR 150 million share buyback program through June 2025, including EUR 40 million for management compensation
Price Prediction for Next Week
Based on technical indicators and news sentiment:
- Support levels: $6.59, $6.55
- Resistance levels: $6.69, $6.75
Scenarios:
- Bullish (30% probability): Break above $6.69 could push price to $6.75-$6.80 range
- Bearish (40% probability): Break below $6.59 may see decline to $6.50-$6.55 area
- Consolidation (30% probability): Continue trading within $6.59-$6.69 range
Trading Recommendation: SELL
Rationale:
- Negative technical momentum with price below recent highs
- Bearish short thesis from Spruce Point creating selling pressure
- Share buyback support may limit downside but unlikely to drive significant upside near-term
Price targets:
- Entry: Current price $6.66
- Target: $6.55
- Stop loss: $6.72
The stock shows higher probability of downside movement in the coming week based on technical weakness and negative sentiment from short sellers, despite the buyback program support.
AEG Similar Chart Price Prediction
The price of AEG is predicted to go up 11.49%, based on the high correlation periods with IDXX. The similarity of these two price pattern on the periods is 98.5%.
AEG
IDXX
Up: 11.49%Similarity: 98.5%
AEG Revenue Forecast
AEG EPS Forecast
AEG FAQs
What is bull’s view on AEG?
What is bear's view on AEG?
AEG VS S&P500
Aegon is knuckling down on a turnaround and investing in stable earnings and low-capital requirement strategic assets where nascent signs of competitive advantage lie.
Aegon has proved it is following this strategy with the divestment of its Eastern Europe operations and the recent capital-intensive Netherlands operations sale.
Investors are really starting to see the shape management wants the business to take. Given the long history of a diversified business without strengths and key competencies, this is really exciting.
AEG Analyst's Forecast
Nasib Ahmed
UBS
Hold → Strong Buy
2024-10-22
Price Target
n/a
Downside
0%
UBS upgraded Aegon to Buy from Neutral with a price target of EUR 6.55, down from EUR 6.65. The firm expects Aegon to continue to execute share buybacks over the long-term, leading to a 9% fiscal 2025 all-in yield, above the sector average. UBS also sees near-term potential for a special share buyback at the Q3 results.
