(CercleFinance.com) – Oddo confirms its ‘outperformance’ rating for Veolia shares, with an unchanged target price of 43.4 euros.
The analysis office highlights the 2021 results that came out ‘above expectations’, and believes that Veolia is ‘well prepared to tackle 2022, year 1 of the new Veolia’ and capture the opportunities of ecological transition.
According to Oddo, ‘the inflationary trajectory of the economy is fundamentally favorable to Veolia (old and new scope)’.
In addition, Veolia has confirmed that its activities in Russia and Ukraine represent €120 million in revenue and less than 0.5% of capital employed.
‘Remember that for 2022, our estimate of recurring net income already came out at 1,086 ME in line with the guidance of around 1.1 MdE’,
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