Veolia Environnement

VIE
Real-time Euronext Paris - 04/06 10:56:10 am
18.25EUR
+3.02%

Veolia Environnement : Good timing based on weekly price data

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Strategy published on : 03/25/2020 | 04:01

long trade
Live

Entry price : 18.955€
Target : 22.2€
Stop-loss : 16.9€
Potential : 17.12%

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.

Summary

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


Strengths

● 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.


Weaknesses

● 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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