Veolia Environnement shares have returned to important technical levels around 18.68 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 € 21.
In a short-term perspective, the company has interesting fundamentals.
The share is getting closer to its long-term support in weekly data, at EUR 18.68, which offers good timing for buyers.
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 0.77 for the current period. Therefore, the company is undervalued.
The company is one of the best yield companies with high dividend expectations.
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
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