(CercleFinance.com) – Veolia gains nearly 1% in Paris, while Oddo BHF maintains its ‘outperformance’ opinion and its target price of 43.4 euros on the share, confirmed in its positive opinion following the formalization the sale of 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 quickly and fully finalize 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 to be more profiled than ever to capture the opportunities of the ecological transition,” he adds.