NSC Groupe SA (EPA:ALNSC) Stock Catapults 28% Though Its Price And Business Still Lag The Market
Despite an already strong run, NSC Groupe SA (EPA:ALNSC) shares have been powering on, with a gain of 28% in the last thirty days. The last 30 days bring the annual gain to a very sharp 60%.
In spite of the firm bounce in price, NSC Groupe may still be sending very bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 5.8x, since almost half of all companies in France have P/E ratios greater than 14x and even P/E’s higher than 24x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/E.
NSC Groupe certainly has been doing a great job lately as it’s been growing earnings at a really rapid pace. One possibility is that the P/E…
