Accueil > Actualité
Actualite financiere : Actualite bourse

Allianz: Oddo still a buyer, adjusts target price

( - Oddo BHF reiterates its "outperform" rating on Allianz shares after the German insurer's quarterly publication last Friday, while trimming its target price from 260 euros to 255 euros, incorporating a slightly more cautious valuation for its asset management (AM) business.

The broker said that Allianz still has a very strong balance sheet and a highly diversified and resilient business model. It is currently enjoying strong organic growth in non-life insurance and has a medium-term outlook for AM that we believe remains positive.

The stock is currently trading at very low multiples given its good fundamentals, the analyst adds, which also believes that Allianz will conduct a new share buyback program in 2023.

Copyright (c) 2022 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.