The medium term support area around 15.47 EUR should allow Veolia Environnement shares to re-establish an upward trend in the short term. Investors have an opportunity to buy the stock and target the € 17.
In a short-term perspective, the company has interesting fundamentals.
The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 15.63 EUR in weekly data.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
The company shows low valuation levels, with an enterprise value at 0.69 times its sales.
This company will be of major interest to investors in search of a high dividend stock.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
According to forecast, a sluggish sales growth is expected 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 past seven days, analysts have been lowering their EPS expectations for the company.
For the last few months, analysts have been revising downwards their earnings forecast.
Below the resistance at 18.46 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...