After several weeks of range-bound movement, shares in Veolia Environnement could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility. Investors have an opportunity to buy the stock and target the € 20.2.
The company has solid fundamentals for a short-term investment strategy.
The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.71 for the 2017 fiscal year.
This company will be of major interest to investors in search of a high dividend stock.
Stock prices approach a strong long-term resistance in weekly data at EUR 20.5.
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
For the past year, analysts have significantly revised downwards their profit estimates.
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...