Scor: Oddo raises target price
(CercleFinance.com) - Following the reinsurer's annual results, Oddo BHF maintains its "outperform" rating on Scor shares, having increased its target price for them from E26 to E28, taking into account the strong growth momentum in financial products.
Analysts still believe that the stock's current low valuation multiples do not reflect the prospect of a recovery in profitability in a context of rising property and casualty prices and increasing interest rates, they add.
Copyright (c) 2023 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.
Analysts still believe that the stock's current low valuation multiples do not reflect the prospect of a recovery in profitability in a context of rising property and casualty prices and increasing interest rates, they add.
Copyright (c) 2023 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.