Veolia Shares Edge Up 1% at the Close of December 29

Short-Term Dynamics and Market Position

This advance allows the stock price to reconnect with a level above the 50-day moving average, established at 29.23 euros, signaling a favorable short-term dynamic. The RSI, positioned at 47, is in a neutral zone, confirming the absence of excessive buying or selling pressures. Over seven days, the performance reached +0.51%, while over three months, the stock has shown a progression of 2.1%, in a market still characterized by a lateral trend for several months. The support at 28.40 euros remains under surveillance, while the resistance at 29.74 euros, now very close, could pose an important technical test in the short term.

Analyst Upgrades and Market Expectations

On December 3, Morgan Stanley upgraded its recommendation on Veolia from 'market weight' to 'overweight', adjusting its price target from 32 to 33 euros. This revision follows a 20% underperformance of the stock compared to French infrastructure sector peers in 2025. The analyst believes that the upside potential now outweighs the risks, considering it unlikely that the group will disappoint in its results. This analytical support is based on an expected total shareholder return of 14% per year for the period 2025-2030. Concurrently, AlphaValue/Baader Europe maintains its 'accumulate' recommendation with a target at 41.50 euros, offering a theoretical potential of nearly 40% relative to the current price. These favorable expectations are based on recent strategic acquisitions, notably Clean Earth in the United States for 2.6 billion euros, as well as on a sustained growth trajectory of Ebitda.