Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Veolia : A very good start to 2019, confirming the trajectory for 2019

>Buy recommendation and target price of € 30 maintained - Following the publication of Q1 2019 performances, which beat our forecasts and those of the consensus, we are confirming our Buy recommendation and target price of € 30 based on average historical multiples for the period 2000-2018 applied to the 2019 estimates. Our sentiment on the stock is confirmed, with a repositioning of the investment case towards profitable growth and no longer just based on restructuri...
Underlying
Veolia Environnement SA

Veolia Environnement provides environmental management services to public authorities, industrial and commercial services customers, and individuals worldwide. These services include the supply of water, the treatment and recovery of municipal or industrial effluent, waste collection, processing and recycling, the supply of heating and cooling services and the optimization of industrial processes. Co.'s business operations are conducted through three divisions, each specializing in a single business sector: Veolia Eau (Water), Veolia Energie (Dalkia, Energy Services) and Veolia Proprete (Environmental Services).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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