Scor: UBS still a buyer after strategic plan
(CercleFinance.com) - UBS confirms its buy rating on the share of reinsurance group Scor, even though analysts are not particularly enthrawled by the group's presentation of its new strategic plan.
The broker maintains its 12-month target price of 43.5 euros.
In the statement analysts believe that Scor's new medium-term plan (2021) seems very similar to the previous one (which was set to end in 2019). Targets are considered very similar. Meanwhile UBS deems the the lack of share buybacks disappointing.
However, UBS believes that Scor's current share price does not reflect the group's long-term value creation.
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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 broker maintains its 12-month target price of 43.5 euros.
In the statement analysts believe that Scor's new medium-term plan (2021) seems very similar to the previous one (which was set to end in 2019). Targets are considered very similar. Meanwhile UBS deems the the lack of share buybacks disappointing.
However, UBS believes that Scor's current share price does not reflect the group's long-term value creation.
Copyright (c) 2019 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.