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