Veolia Stock Rises 2.37%: HSBC Raises Target to 38 Euros
Veolia Environnement's stock shows significant progress this Wednesday at midday, registering a 2.37% increase to 32.42 euros. This rebound occurs in a context of general recovery on the Parisian market, with the CAC 40 gaining 1.32% during the session. The stock, which had fallen by 2.32% over the past seven days, moves back above its 50-day moving average.
Veolia Regains Ground After Recent Declines
Veolia Environ. regains altitude after several sessions of decline, with the stock having lost more than 2% over a week. At 32.42 euros, the price once again crosses its 50-day moving average, located at 32.36 euros, a technical threshold often monitored to assess short-term trends. The RSI, at 42, indicates a zone still close to oversold territory, suggesting a potential for technical recovery without signs of overheating. Today's rebound is part of a broader recovery dynamic in European markets. The CAC 40 is up 1.32% at 7,846.43 points during the session, while the SBF 120 is up 1.36%. This movement follows the easing of geopolitical tensions between Washington and Tehran, after Donald Trump announced discussions described as constructive, leading to the postponement of American military strikes. The volatile session on March 23, during which the CAC 40 had dropped more than 2% in the morning before reversing, had weighed on the entire market, including Veolia. Among comparable stocks, Engie is up 0.71% and Elia Group 1.96%.
HSBC Raises Price Target on Veolia
On March 23, HSBC revised its price target on Veolia upwards, increasing it from 37.00 to 38.00 euros, while reaffirming its buy recommendation. This new target represents a potential for approximately 17% growth from the current price of 32.42 euros. This reevaluation reflects the confidence of the research firm in the company's trajectory, whose performance over three months reaches 10.72%. Regarding the schedule, upcoming dates could fuel interest in the stock. The general assembly is scheduled for April 23, followed by the publication of financial information for the first quarter on May 6. These events will provide greater visibility on the execution of the company's strategy and the evolution of its operational results in an environment marked by persistent volatility, with the VIX remaining at a high tension level of 26.78 points.
