Suez is active in each stage of the water and waste cycles. Co. is organized around three main segments: Water Europe (water distribution and treatment services, particularly under concession contracts, to individuals, local authorities and industrial clients); Waste Europe (waste collection and treatment services for local authorities and industrial clients; these services include collection, sorting, recycling, composting, energy recovery and landfilling for both non-hazardous and hazardous waste) and International (water, waste and engineering services, with a special focus on risk-management resulting from specific local environments by setting up partnerships).
  • TickerSEV
  • ISINFR0010613471
  • ExchangeEuronext Paris
  • SectorGas, Water & Multi-utilities
  • CountryFrance
Alexandre Iatrides

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/23/2020

The US elections on 3 November are nearly upon us, and with them the usual package of measures relating to the health sector. The main measures to have been made public at this stage are clearly deflationary. In an uncertain climate for the industry, we have made several rating changes, with two upgrades, on AstraZeneca (Buy vs Reduce), and GSK (Buy vs Neutral), and two downgrades, on Roche (Reduce vs Buy), and Novartis (Neutral vs Buy). We are still at Buy on Sanofi and Neutral on No...

Alexandre Iatrides

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/09/2020

L’élection américaine du 3 novembre approche et avec elle son traditionnel lot de mesures relatives au secteur de la santé. Les principales mesures rendues publiques, à ce stade, sont clairement déflationnistes. Dans ce contexte d'incertitudes pour le secteur, nous opérons plusieurs changements d’opinions avec deux relèvements, AstraZeneca (Achat vs Alléger), GSK (Achat vs Neutre), et deux révisions en baisse, Roche (Alléger vs Achat), Novartis (Neutre vs Achat). Nous restons à l’Acha...

Louis Boujard, CFA ...
  • Philippe Ourpatian

Suez : Timely update to the strategic plan

>Buy recommendation and target price of € 15.50 maintained - Suez organised a conference call to provide an update on its strategic plan “shaping 2030”. Whilst management has refuted any correlation between this unscheduled event and Veolia's current offer on Engie’s stake, we can only approve of the timing. The key points of this update concern the group’s capacity for an acceleration in revenue growth, profitability, asset disposals, debt reduction and dividends vs ...

Louis Boujard, CFA ...
  • Philippe Ourpatian

Suez : Une mise à jour opportune du plan stratégique

>Opinion Achat et OC 15.50 € maintenus - Suez a organisé une conférence téléphonique de mise à jour de son plan stratégique Shaping 2030. Bien que le mangement réfute toute corrélation entre cet évènement non prévu au calendrier de communication et l’offre en cours de Veolia sur la participation d’Engie, on ne peut qu’entériner une certaine concordance des temps. Les points d’attention de cette mise à jour tournent autour d’une capacité d’accélération de la croissance...

Bruno Cavalier ...
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 31/08/2020 Chère cliente, cher client l’enquête Institutional Investor 2020 a désigné ODDO BHF « 1er broker dans son classement agrégé des secteurs valeurs françaises », « 2ème pour

Depuis l’épidémie de COVID, la domination du style croissance s’est renforcée. La perspective crédible d’un vaccin efficace pour la COVID-19 pourrait contribuer à modifier cette donne en faveur de la value et des cycliques. Comment ? En permettant une normalisation des perspectives, l’épargne « forcée » constituée pourrait être libérée. L’accélération de la vitesse de circulation de la monnaie, dans le contexte de création monétaire débridée, pourrait générer une hausse graduelle des ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Squarely in the neutral camp At this point in time the major global indexes (MSCI ACWI, ACWI ex-US, EAFE, EM) have failed to break above their respective resistance levels, leaving us squarely in the neutral camp. • We need to see more from cyclical value. We believe the aforementioned major global indexes are likely to remain below resistance or have limited upside unless and until we see more definitive signs of bottoming within cyclical value areas of the market (e.g., Materials, Energy, banks, major autos & parts, etc.)... see page 2. • Indicators supportive of a neutral outlook. S...

Jérôme VINERIER

Short term view - SUEZ ENVIRONNEMENT SA : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €13.491. Breaking below the support at €11.000 would invalidate the trend.

Jérôme VINERIER

Analyse court terme - SUEZ ENVIRONNEMENT SA : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 13,491 €. La rupture du support à 11,000 € invaliderait cette tendance.

Jérôme VINERIER

Short term view - SUEZ ENVIRONNEMENT SA : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €13.491 and €14.159. The trend would be invalidated below the support at €11.000.

Jérôme VINERIER

Analyse court terme - SUEZ ENVIRONNEMENT SA : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 13,491 € et 14,159 €. La tendance serait invalidée sous le support à 11,000 €.

Suez: 1 director bought

A director at Suez bought 2,000 shares at 10.415EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Alexandre Iatrides

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/23/2020

The US elections on 3 November are nearly upon us, and with them the usual package of measures relating to the health sector. The main measures to have been made public at this stage are clearly deflationary. In an uncertain climate for the industry, we have made several rating changes, with two upgrades, on AstraZeneca (Buy vs Reduce), and GSK (Buy vs Neutral), and two downgrades, on Roche (Reduce vs Buy), and Novartis (Neutral vs Buy). We are still at Buy on Sanofi and Neutral on No...

Alexandre Iatrides

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/09/2020

L’élection américaine du 3 novembre approche et avec elle son traditionnel lot de mesures relatives au secteur de la santé. Les principales mesures rendues publiques, à ce stade, sont clairement déflationnistes. Dans ce contexte d'incertitudes pour le secteur, nous opérons plusieurs changements d’opinions avec deux relèvements, AstraZeneca (Achat vs Alléger), GSK (Achat vs Neutre), et deux révisions en baisse, Roche (Alléger vs Achat), Novartis (Neutre vs Achat). Nous restons à l’Acha...

Louis Boujard, CFA ...
  • Philippe Ourpatian

Suez : Timely update to the strategic plan

>Buy recommendation and target price of € 15.50 maintained - Suez organised a conference call to provide an update on its strategic plan “shaping 2030”. Whilst management has refuted any correlation between this unscheduled event and Veolia's current offer on Engie’s stake, we can only approve of the timing. The key points of this update concern the group’s capacity for an acceleration in revenue growth, profitability, asset disposals, debt reduction and dividends vs ...

Louis Boujard, CFA ...
  • Philippe Ourpatian

Suez : Une mise à jour opportune du plan stratégique

>Opinion Achat et OC 15.50 € maintenus - Suez a organisé une conférence téléphonique de mise à jour de son plan stratégique Shaping 2030. Bien que le mangement réfute toute corrélation entre cet évènement non prévu au calendrier de communication et l’offre en cours de Veolia sur la participation d’Engie, on ne peut qu’entériner une certaine concordance des temps. Les points d’attention de cette mise à jour tournent autour d’une capacité d’accélération de la croissance...

Louis Boujard, CFA ...
  • Philippe Ourpatian

ODDO : The choice of the titans: acquisition of Suez by Veolia validated by Engie?

>Veolia proposes to acquire Engie’s stake in Suez - Veolia announced that it has made a firm offer to Engie to acquire 29.9% of the Suez shares that Engie holds. This offer follows Engie's announcement, on 31 July, 2020, of the launch of a strategic review including its stake in Suez. The offer at a price of € 15.50 per Suez share, immediately realisable in cash, is open until 30 September, 2020. The proposed price represents an instantaneous premium of 26.6% to the c...

Moody's announces completion of a periodic review of ratings of SUEZ

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of SUEZ. Global Credit Research- 24 Jul 2020. Paris, July 24, 2020-- Moody's Investors Service has completed a periodic review of the ratings of SUEZ and other ratings that are associated with the same analytical unit.

SUEZ: Update following rating downgrade to SUEZ

Our credit view of SUEZ, reflecting its scale and diversified revenue base across a range of geographies, as well as its efforts to restore profitability and reduce leverage.

Moody's downgrades SUEZ's rating to Baa1, stable outlook

Rating Action: Moody's downgrades SUEZ's rating to Baa1, stable outlook. Global Credit Research- 20 Nov 2019. Paris, November 20, 2019-- Moody's Investors Service has today downgraded to Baa1 from A3 the senior unsecured rating of SUEZ as well as its junior subordinated debt rating to Baa3 from Baa2.

Moody's assigns A3 rating to SUEZ's €700 million notes; negative outlook

Rating Action: Moody's assigns A3 rating to SUEZ's €700 million notes; negative outlook. Global Credit Research- 08 Oct 2019. Paris, October 08, 2019-- Moody's Investors Service has assigned an A3 long-term rating to the 700 million senior unsecured fixed rate notes due October 2031 issued by SUEZ.

Moody's assigns Baa2 rating to SUEZ's hybrid notes; negative outlook

Rating Action: Moody's assigns Baa2 rating to SUEZ's hybrid notes; negative outlook. Global Credit Research- 10 Sep 2019. Paris, September 10, 2019-- Moody's Investors Service has today assigned a Baa2 long-term rating to the Deeply Subordinated Fixed Rate Resettable Notes to be issued by SUEZ.

Bruno Cavalier ...
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 31/08/2020 Chère cliente, cher client l’enquête Institutional Investor 2020 a désigné ODDO BHF « 1er broker dans son classement agrégé des secteurs valeurs françaises », « 2ème pour

Depuis l’épidémie de COVID, la domination du style croissance s’est renforcée. La perspective crédible d’un vaccin efficace pour la COVID-19 pourrait contribuer à modifier cette donne en faveur de la value et des cycliques. Comment ? En permettant une normalisation des perspectives, l’épargne « forcée » constituée pourrait être libérée. L’accélération de la vitesse de circulation de la monnaie, dans le contexte de création monétaire débridée, pourrait générer une hausse graduelle des ...

Bruno Cavalier ...
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/31/2020 Dear client, The Institutional Investor 2020 survey ranked ODDO BHF “No. 1 Aggregated France Research”, “No. 2 Overall Research France” and “No. 2 for France Sales”. The survey

Since the COVID-19 pandemic, the domination of the growth stock style has been strengthened. The credible prospect of an effective vaccine for COVID-19 could contribute to a change in this situation in favour of value and cyclicals. How? By facilitating a normalisation of the prospects, "forced" savings could be released. The acceleration of the speed of circulation of money, in the context of unbridled money creation, could trigger a gradual increase in prices and yield curves. Conse...

Sylvain Goyon, CFA

ODDO BHF Small & MIDCAP MORNING NEWS - 08/31/2020

Since the COVID-19 pandemic, the domination of the growth stock style has been strengthened. The credible prospect of an effective vaccine for COVID-19 could contribute to a change in this situation in favour of value and cyclicals. How? By facilitating a normalisation of the prospects, "forced" savings could be released. The acceleration of the speed of circulation of money, in the context of unbridled money creation, could trigger a gradual increase in prices and yield curves. Conse...

Sylvain Goyon, CFA

ODDO BHF Small & MIDCAP MORNING NEWS - 31/08/2020

Depuis l’épidémie de COVID, la domination du style croissance s’est renforcée. La perspective crédible d’un vaccin efficace pour la COVID-19 pourrait contribuer à modifier cette donne en faveur de la value et des cycliques. Comment ? En permettant une normalisation des perspectives, l’épargne « forcée » constituée pourrait être libérée. L’accélération de la vitesse de circulation de la monnaie, dans le contexte de création monétaire débridée, pourrait générer une hausse graduelle des ...

Jean Sassus ...
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/10/2020

...

With a more favourable environment, SUEZ CO. improves to Slightly Positive

SUEZ CO. (FR), a company active in the Waste & Disposal Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 26, 2020, the closing price was EUR 10.20 and its potential was estimated at EUR 12.53.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Expert Corporate Governance Service (ECGS)

Suez – AGM 12 May 2020

ECGS draws attention first of all to the fact that this year sees the end of the governance changes initiated in the 2019 fiscal year. Indeed, Jean-Louis Chaussade has left his position as Chief Executive Officer to make way for Bertrand Camus. From May 2019 to the present meeting, Jean-Louis Chaussade was Chairman of the Board of Suez. Following the meeting, the chairmanship of the Board will be given to Philippe Varin. ECGS then notes the issue of remuneration for the coming financial year of the new Chairman and the compensation of Jean-Louis Chaussade for his duties as Chairman in 2019. E...

Florian Béchaz

Suez - Assemblée Générale du 12 mai 2020

Proxinvest attire l'attention tout d'abord sur le fait que cette année voit la fin des changements de gouvernance amorcé lors de l’exercice 2019. En effet, Jean-Louis Chaussade a quitté ses fonctions de directeur général pour laisser sa place à Bertrand Camus. De mai 2019 à la présente assemblée Jean-Louis Chaussade a été président du conseil de Suez. A la suite de l’assemblée, la présidence du conseil sera donnée à Philippe Varin. Proxinvest note ensuite la problématique de rémunération pour l’exercice à venir du nouveau Président et la rémunération de Jean-Louis Chaussade au titre de ses fo...

Suez - Assemblée générale des actionnaires du 14 mai 2019

Le mandat de Directeur Général de Jean-Louis Chaussade prend fin le 14 mai 2019. Le Conseil a nommé le 20 décembre 2018 Bertrand Camus - qui a pratiquement effectué toute sa carrière au sein de Suez - Directeur Général à compter de cette date, Jean-Louis Chaussade devenant alors Président du Conseil en remplacement de Gérard Mestrallet qui restera encore un an au conseil. Il convient de noter que le comité des nominations et de la gouvernance s'est réuni à 17 reprises en 2018. Dans ces conditions, quatre politiques de rémunération sont proposées aux actionnaires. Deux seront soutenues (résolu...

Expert Corporate Governance Service (ECGS)

Suez - AGM and EGM 14 May 2019

At the end of this General Meeting, Jean-Louis Chaussade will resign as Chief Executive Officer and will replace Gérard Mestrallet as Chairman of the Board of Directors. Bertrand Camus - who has spent most of his career at Suez - will be the new CEO. It should be noted that the Appointment and Governance Committee met 17 times in 2018.  Consequently, four remuneration policies are proposed at the Meeting. We support two of them (resolutions 10 and 13) but recommend opposition to the one on the compensation of the Chairman of the Board for the period from 14 May to 31 December 2019 (resoluti...

Suez – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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