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 shows low valuation levels, with an enterprise value at 0.77 times its sales.
This company will be of major interest to investors in search of a high dividend stock.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 17.44 EUR
According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
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.