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.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.