Nearly 17% Lost in Three Months: Veolia Stock Falls Another 1.5%
After a quieter start to the week, the stock is falling again and ranks among the worst performers on the Paris index. Analysts from two major banks have just revised their price targets downward, without changing their ratings.
A Decline That Brings the Stock Below Its Three Moving Averages
Veolia stock is down 1.56% to €30.85 mid-morning, among the strongest declines in the CAC 40, which is falling 0.35%. The stock is trading below its 20-day moving average (€31.29, a gap of 1.41%), as well as below its 50-day and 200-day moving averages, the latter at €33.61, or 8.21% above the current price. The decline reflects an established trend: the stock has lost nearly 17% over three months, while it has remained virtually unchanged over the week (-0.26%). The support level at €30.42 is now just 1.4% below the current price.
Deutsche Bank and Goldman Sachs Lower Their Price Targets
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On the analyst side, two ratings were revised this week. Deutsche Bank lowered its target from €39 to €37 on October 7, while Goldman Sachs cut its target from €41 to €37 on October 5. Both firms maintained their buy ratings.
Their common target of €37 stands approximately 20% above the current price. These revisions come in a Paris market where tension over French government debt remains elevated: the 10-year OAT yield stood at 4.72% at the latest Bank of France assessment on October 6.
Management commentary: « Current net income Group share growth of minimum +8% at constant forex and incl. Clean Earth »
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Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
