Ageas: stock up on analyst's comments
(CercleFinance.com) - The Ageas share is up about 3% in early trading in Brussels on Monday, following positive comments from Oddo BHF, which reiterates its "buy" recommendation, having increased its target price raised from 40 euros to 45 euros after the Belgian insurance company published its quarterly results last Friday.
The analyst says that the broker is raising its earnings estimates for 2020 to integrate the sound operational momentum in Q2, adding that the value offers an attractive potential/risk ratio and a strong return on capital to shareholders.
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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.
The analyst says that the broker is raising its earnings estimates for 2020 to integrate the sound operational momentum in Q2, adding that the value offers an attractive potential/risk ratio and a strong return on capital to shareholders.
Copyright (c) 2020 CercleFinance.com. 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.