Veolia : An oddly negative market reaction to a positive publication
>Outperform rating and target price of € 43.4 maintained - Following the disclosure of the Q1 2023 performances which beat our expectations and those of the consensus, we are maintaining our Outperform rating and € 43.4 target price based on the average between DCF (€ 39.6), a SOTP analysis (€ 42.3) and a valuation based on historical multiples (€ 48.3). The share price, despite recovering from the 12 October 12-month low (€ 19.13), is now valued at the same level as ...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).
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.
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