The recent downward movement has sent Veolia Environnement shares back to attractive levels situated around 15.19 EUR. This zone could put an end to the downward movement and offers a good timing for new long positions. Investors have an opportunity to buy the stock and target the € 16.35.
In a short-term perspective, the company has interesting fundamentals.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.68 for the 2016 fiscal year.
The company is one of the best yield companies with high dividend expectations.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
Revenue estimates are regularly revised downwards for the current and coming years.
For the last few months, analysts have been revising downwards their earnings forecast.
Below the resistance at 18.15 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
Manages water supplies and distribution systems and provides waste management servicesVeolia Environnement SA engages in the management of water supplies and distribution systems and provides waste management services.It operates through the following business segments: Water, Environmental...