Veolia : Highway to hazardous waste!
>Buy rating maintained – target price adjusted to € 32.8 (vs € 30.0) - At the start of 2020, we have adjusted our target price to € 32.8 (vs € 30.0) to reflect the roll-over to 2020 of our valuation base. With no modifications, the valuation is based on average historical multiples over the period 2000/2019 applied to the 2020 estimates (vs 2019 before). We are maintaining our Buy recommendation. The two transactions at the start of this year (acquisition in hazardous...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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