Aegon: Credit Suisse raises target price

(CercleFinance.com) - While remaining "neutral" on the share of Dutch life insurance, pensions and asset management company Aegon, Credit Suisse has increased its target price for it to 4 euros from 3.
3 euros (current price: 3.9 euros).

The broker highlights the performance of Aegon's main subsidiaries and the reduced volatility due to the approval of the company's internal model in the Netherlands. Indeed, although Aegon is only at the start of its restructuring, capital risks have been significantly reduced, the analyst points out.

Finally, Credit Suisse points out that Aegon wants to maintain a high level of cash, while reducing its debt, such that the conversion of cash flow into dividends for shareholders "will likely be slow".


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