Veolia Shares Gain 1.75%, Boosted by Clean Earth Acquisition in the US
Veolia's stock stands out in the CAC 40 this Wednesday noon, going against a declining Parisian index. Barclays has raised its price target and reaffirms its positive outlook, following the completion of a major acquisition in the United States. The stock has moved back above its MM50 and is now touching its MM20.
Barclays Raises Veolia Target to €41 After Clean Earth Deal
Veolia is up 1.75% at €34.90, among the strongest gains in the CAC 40, while the index is down 0.47%. Barclays raised its price target today from €38.50 to €41.00, maintaining its 'overweight' recommendation. At €41, the target offers a potential of about 17% on the current price. The revision follows the completion of the acquisition of Clean Earth for $3 billion, announced on June 1st. The operation doubles the group's hazardous waste treatment activities in the United States, brings its American revenue to $6.3 billion, and is expected to generate $120 million in synergies over four years. At the annual results announcement (February 26, 2026), the management targeted an organic EBITDA growth of 5% to 6% and a net earnings per share growth of at least 8% by 2026.
The Stock is Above its MM50, in Contact with MM20, and Approaching the Resistance at €36.20
The rebound places the stock in contact with its MM20 (€34.75), above its MM50 (€34.43), and significantly above its MM200 (€31.26), the latter showing a gap of more than 11%. This configuration confirms the underlying bullish trend, illustrated by a 14.24% increase over the year, despite a 2.89% decline over the past month. The RSI at 48 remains neutral, without signs of excess. The next area to watch is the resistance identified at €36.20, about 3.7% above the price, while the support at €33.68 limits the downside scenario. The EBITDA for the first quarter published on May 7th had increased by 5.1%, in line with the trajectory aimed for the year.
