Veolia Environnement Price Target Cut to $14.50 by Analysts at Raymond James (VE)
Equities research analysts at Raymond James reduced their target price on shares of Veolia Environnement (NYSE:VE) to $14.50 in a research note issued to investors on Tuesday, American Banking and Market News reports. Raymond James’ price target would suggest a potential downside of 14.76% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse downgraded shares of Veolia Environnement from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. Separately, analysts at RBC Capital initiated coverage on shares of Veolia Environnement in a research note to investors on Monday, September 9th. They set an “outperform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Veolia Environnement from a “buy” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Veolia Environnement presently has a consensus rating of “Hold” and an average price target of $11.85.
Veolia Environnement (NYSE:VE) traded down 3.46% on Tuesday, hitting $17.01. 310,670 shares of the company’s stock traded hands. Veolia Environnement has a 52 week low of $9.37 and a 52 week high of $17.07. The stock’s 50-day moving average is $14.93 and its 200-day moving average is $13.24. The company has a market cap of $9.094 billion and a price-to-earnings ratio of 29.76.
Veolia Environnement is a provider of environmental management services, which include water and wastewater services, environmental services, energy services (NYSE:VE) and transportation services.
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