Veolia: Oddo welcomes the sale of activities in the United Kingdom


Oddo BHF maintains its ‘outperformance’ opinion and its price target of 43.4 euros on Veolia, comfort in its positive opinion following the formalization of the sale of the cleaning activities in the United Kingdom from the scope resulting from the acquisition of Suez.

“The speed of execution of this operation demonstrates the group’s commitment to finalize quickly and fully the consequences of the takeover of Suez, to create value for its shareholders and to regain financial flexibility”, judges the analyst.

“The current valuation is lower than the target price we had before the acquisition of Suez’s assets. The New Veolia seems to us more than ever suitable for capturing the opportunities of the ecological transition,” he adds.

Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held liable directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.



Source link -88