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Veolia: boosted by positive rating

(CercleFinance.com) - The Veolia share is up over 1.
5% in Paris on Tuesday lunchtime, outperforming the timid 0.3% increase in the SBF 120. Citi analysts have begun to monitor the share again, adopting a buy rating and target price of 28 euros.

Analysts say that the utility group share valuation is "attractive" and that it does not "discount the group long term growth outlook". Citi expects Veolia to report 7% earnings growth p.a. through to 2025, in addition to a significant improvement in cash generation. They add that is would justify the share trading at a structural premium" relative to its sector.

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