Veolia Environnement S.A. (OTCMKTS:VEOEY) Receives Average Rating of “Hold” from Brokerages

Veolia Environnement S.A. (OTCMKTS:VEOEYGet Rating) has earned an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.75.

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of Veolia Environnement in a report on Tuesday, July 26th. They set an “underweight” rating on the stock. Morgan Stanley reduced their price objective on shares of Veolia Environnement from €34.00 ($34.69) to €29.00 ($29.59) in a research report on Thursday, August 18th. Finally, Citigroup assumed coverage on shares of Veolia Environnement in a research note on Friday. They set a “neutral” rating for the company.

Veolia Environnement Stock Up 1.5 %

VEOEY opened at $21.11 on Friday. The company has a 50 day moving average of $23.51 and a two-hundred day moving average of $26.60. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.92. Veolia Environnement has a 52-week low of $20.67 and a 52-week high of $37.80.

Veolia Environnement Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were issued a $0.8178 dividend. The ex-dividend date was Thursday, July 7th. This represents a dividend yield of 7.37%.

Veolia Environnement Company Profile

(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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Analyst Recommendations for Veolia Environnement (OTCMKTS:VEOEY)

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