Veolia Environnement (OTCMKTS:VEOEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, March 7th. The brokerage presently has a $26.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 9.52% from the stock’s current price.
According to Zacks, “Veolia Environnement is the only global company to offer the entire range of environmental services in the water, waste management, energy and transportation sectors. Veolia has been creating global and integrated solutions for public and private sector clients over the world. The quality of its research, the expertise and synergies developed between its teams, its mastery of the public-private partnership model and our commitment to sustainable development have made us a benchmark player in major environmental matters. “
Other analysts have also recently issued research reports about the company. ValuEngine upgraded Veolia Environnement from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Macquarie reaffirmed a “neutral” rating on shares of Veolia Environnement in a research note on Wednesday, January 24th. Societe Generale raised Veolia Environnement from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Citigroup raised Veolia Environnement from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase began coverage on Veolia Environnement in a research note on Thursday, December 7th. They issued an “overweight” rating on the stock. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.00.
About Veolia Environnement
Veolia Environnement SA provides a range of environmental services worldwide. It operates through Water, Waste, and Energy businesses. The Water business integrates drinking water and wastewater activities, such as water distribution and collection, water and wastewater treatment and supply, industrial process water, wastewater sludge management, and recycling and reuse solutions, as well as construction of water treatment plant.
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