Veolia Environnement
VIE
Real-time Euronext Paris - 06/18 05:35:23 pm
19.38EUR
-0.92%

An opportunity over the medium term?

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Anas Lozach
Analyst

Strategy published on : 06/13/2018 | 08:57

long trade
Live

Entry price : 19.24€
Target : 21€
Stop-loss : 18.3€
Potential : 9.15%

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.

Summary

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● 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.


Weaknesses

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

Zonebourse.com 2018
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