Veolia Environnement shares have returned to important technical levels around 18.23 EUR based on weekly price data. The timing seems attractive to be a buyer of this stock. Investors have an opportunity to buy the stock and target the € 22.2.
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 18.23 EUR in weekly data.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
As regards fundamentals, the enterprise value to sales ratio is at 0.76 for the current period. Therefore, the company is undervalued.
The company sustains low margins.
The group shows a rather high level of debt in proportion to its EBITDA.
The company's earnings releases usually do not meet expectations.
Below the resistance at 22.8 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
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