Generali: Jefferies still a buyer, but trims target price
(CercleFinance.com) - Broker Jefferies reiterates its "buy" rating on Generali, although has trimmed its target price for the share from 19 euros to 17.
5 euros, cautiously raising its risk premium to take into account the political uncertainties.
Nevertheless, the broker still expects the Italian insurance company to reach a position of excess capital towards the end of the year, despite recent financial troubles.
The broker adds that its stress tests confirm Generali's ability to pay dividends, even in the event of a major crisis in the euro zone.
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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.
5 euros, cautiously raising its risk premium to take into account the political uncertainties.
Nevertheless, the broker still expects the Italian insurance company to reach a position of excess capital towards the end of the year, despite recent financial troubles.
The broker adds that its stress tests confirm Generali's ability to pay dividends, even in the event of a major crisis in the euro zone.
Copyright (c) 2018 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.