Veolia Environnement shares have been in strong demand lately. The technical chart pattern looks positive which may give rise to new gains. Investors have an opportunity to buy the stock and target the € 17.68.
The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.66 for the 2017 fiscal year.
The company is one of the best yield companies with high dividend expectations.
The stock is close to a major daily resistance at EUR 17.44, which should be gotten rid of so as to gain new appreciation potential.
According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
The technical configuration over the long term remains negative on the weekly chart below the resistance level at 18.15 EUR
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...