Shares of VE traded higher by 3.04% or $0.49/share to $16.59. Veolia Environnement S.A. is trading at a price to book ratio of 0.68. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.84 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.16. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 491822 shares of VE exchange hands on a given day and today's volume is recorded at 257270. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
Veolia Environnement is a provider of environmental management services, which include water and wastewater services, environmental services, energy services (excluding the production, trading and sale of electricity, other than production through co-generation) and transportation services.