Veolia's Shares Surge by 2.78%: Deutsche Bank Raises Target to 35 Euros
Veolia Environnement's stock significantly advanced this Tuesday midday, showing a rise of 2.78% to 33.30 euros. This increase occurs in a context of a generalized recovery of European markets, with the CAC 40 gaining 2.31% during the session. The release of a new recommendation by Deutsche Bank supports this upward trend.
Deutsche Bank Increases Price Target on Veolia
This Tuesday, Deutsche Bank revised its price target on Veolia Environ., raising it from 33 euros to 35 euros, while maintaining a 'buy' recommendation. This new target represents a potential revaluation of about 5% compared to the current price of 33.30 euros. This increase coincides with a solid quarterly performance for the stock, which has shown a gain of +13.69% over three months and +8.22% over a year. Financially, the next key dates to watch are the general assembly scheduled for April 23, 2026, followed by the publication of first-quarter financial information on May 6.
Veolia's Stock Recovers After Recent Decline
After a decline of 3.98% over the past seven days, Veolia Environ.'s stock is making a strong recovery this Tuesday. The price, at 33.30 euros, is above the 50-day moving average of 31.84 euros, confirming a still favorable medium-term trend. However, an RSI at 40 indicates that the stock is recovering from a near-oversold zone, which partly explains the magnitude of the rebound observed during the session. Today's movement is part of a broader recovery in European markets. The DAX is up 2.22% during the session, while the FTSE 100 is up 1.67%. In Asia, the Nikkei 225 closed up 2.88%. This renewed appetite for risk assets follows a week marked by tensions, with the VIX jumping to 29.49 last Friday from 23.75 the day before, indicating ongoing nervousness in the markets.
