Generali: Jefferies nudges up target price
(CercleFinance.com) - Jefferies has raised its target price for Generali shares from 17.
5 euros to 18 euros, ahead of the group's strategic targets for 2018-2021, which are expected at the group's Investor Day on 20 November.
The broker believes that the Italian insurer's management team will target over 5% growth in operating profit over the period, generated by a combination of cross-border European synergies and a 4 billion euro capital redeployment program.
Jefferies hence maintains its "buy" rating on the shares.
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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 to 18 euros, ahead of the group's strategic targets for 2018-2021, which are expected at the group's Investor Day on 20 November.
The broker believes that the Italian insurer's management team will target over 5% growth in operating profit over the period, generated by a combination of cross-border European synergies and a 4 billion euro capital redeployment program.
Jefferies hence maintains its "buy" rating on the shares.
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.