Scor: Barclays resumes coverage with 'equal weight' rating
(CercleFinance.com) - Barclays announced on Tuesday that it had resumed its monitoring of Scor shares with an "equal weight" rating and a target price of 26.
3 euros.
In its report on reinsurance companies, the analyst said he views the major players in the sector "constructively" after the contract renewals at the beginning of the year, which in his opinion show solid growth in margins, albeit accompanied by a slowdown in premium growth.
In short, the broker expects earnings estimates to continue to be raised, against a backdrop of a declining combined ratio and robust investment performance.
Regarding Scor, Barclays recognises that the stock is currently "cheap", but also believes that it must now get its act together.
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.
3 euros.
In its report on reinsurance companies, the analyst said he views the major players in the sector "constructively" after the contract renewals at the beginning of the year, which in his opinion show solid growth in margins, albeit accompanied by a slowdown in premium growth.
In short, the broker expects earnings estimates to continue to be raised, against a backdrop of a declining combined ratio and robust investment performance.
Regarding Scor, Barclays recognises that the stock is currently "cheap", but also believes that it must now get its act together.
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.