Veolia stock: Citi keeps EUR 37.50 target for Veolia stock

Published on 10/20/2026 at 15:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached EUR 22.19 billion, up 1.50 percent. Veolia stock costs EUR 31.80 on October 20, 2026, 15.56 percent below its high.

Citi keeps target at EUR 37.50

Citi maintained a Hold rating and a EUR 37.50 target on October 16, 2026.
First-half 2026 revenue reached EUR 22.19 billion, up 1.50 percent.
Veolia stock costs EUR 31.80 at Lang & Schwarz on October 20, 2026 at 3:37 p.m. CEST, 15.56 percent below the 52-week high.
Veolia presents its nine-month 2026 figures on November 5, 2026.

Isometrische Grafik Wasserkreislauf, Veolia Environnement S.A., FR0000124141 — Veolia Environnement S.A. (FR0000124141) visualisiert isometrisch die Wertschöpfungskette von Sammlung, Aufbereitung und Wasserverteilung im Kreislauf, Illustration mit AI erstellt.

Veolia Environnement (ISIN FR0000124141) is trading at EUR 31.80 at Lang & Schwarz on October 20, 2026 at 3:37 p.m. CEST. Markets Insider reported on October 16, 2026 that Citi maintained a Hold rating and a EUR 37.50 price target, putting the target 17.92 percent above the Lang & Schwarz price.

First-half growth sets the baseline

Veolia reported EUR 22.19 billion of revenue for the first half of 2026, up 1.50 percent from the comparable period. EBITDA reached EUR 3.55 billion, an increase of 5.00 percent, while current net income rose 10.40 percent to EUR 837.00 million.

The operating picture also improved. According to Veolia on July 30, 2026, the EBITDA margin improved by 0.70 percentage points and efficiency gains reached EUR 195.00 million in the first half.

Stock position and valuation

The Lang & Schwarz price sits EUR 5.86 below Veolia's 52-week high of EUR 37.66 and EUR 3.95 above its 52-week low of EUR 27.85, both as of October 20, 2026. The market capitalization is EUR 23.2 billion, and the price-to-earnings ratio is 18.87.

For investors, Citi's EUR 37.50 target is 17.92 percent above the current euro price, while the reported first-half figures show revenue growth and faster earnings expansion. The next test is the company's nine-month update, which will provide a newer operating reference.

When is the next reporting date?

Veolia has scheduled its nine-month 2026 key figures for November 5, 2026 at 8:30 a.m. CET. The company also lists February 17, 2027 for its full-year 2026 results.

What does the target imply?

The EUR 37.50 target leaves 17.92 percent between Citi's valuation and the current Lang & Schwarz price. That spread gives the November reporting date added importance because the next operating figures will arrive before the next full-year results.

Current price and outlook

Veolia stock was trading at EUR 31.80 at Lang & Schwarz on October 20, 2026 at 3:37 p.m. CEST. The share price remains below its EUR 37.66 52-week high and above its EUR 27.85 low, keeping the analyst target and the November reporting date as the clearest dated reference points.

The further course of trading is shown by the continuously updated real-time quote of Veolia stock.