Berenberg Bank Increases Veolia Environnement (OTCMKTS:VEOEY) Price Target to €39.00

Veolia Environnement (OTCMKTS:VEOEY – Get Rating) had its price objective raised by investment analysts at Berenberg Bank from €38.00 ($40.86) to €39.00 ($41.94) in a note issued to investors on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the utilities provider’s stock.

Other research analysts also recently issued reports about the stock. Morgan Stanley began coverage on shares of Veolia Environnement in a research note on Wednesday, March 2nd. They set an “equal weight” rating on the stock. The Goldman Sachs Group began coverage on shares of Veolia Environnement in a research note on Sunday, April 10th. They set a “buy” rating on the stock. Finally, Zacks Investment Research upgraded shares of Veolia Environnement from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $39.00.

OTCMKTS VEOEY traded down $0.18 during trading hours on Tuesday, reaching $29.94. 74,515 shares of the company traded hands, compared to its average volume of 69,890. Veolia Environnement has a 12 month low of $26.43 and a 12 month high of $37.80. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average of $32.42 and a two-hundred day moving average of $33.75.

About Veolia Environnement (Get Rating)

Veolia Environnement SA designs and provides water, waste, and energy management solutions worldwide. The company is involved in the resource management, production, and delivery of drinking water and industrial process water; collection, treatment, and recycling of wastewater; and design and construction of treatment and network infrastructure.

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