Generali: Oddo maintains rating ahead of results
(CercleFinance.com) - Before trading on Thursday 8 November Generali will publish the KPI of its 9m 2018 results.
It should be noted that Generali's result will incorporate changes in its consolidation scope (disposal in the Netherlands in Q1 and that in Ireland in Q2 Oddo says.
The broker confirms its buy rating on the stock, with an unchanged target price of 17.4 euros. Although the share remains somewhat dependent on Italy, it maintains a solid balance sheet and continues to benefit from dynamic operational performance. On 21 November it will present its new 3-year strategic plan, over which we believe that he will be able to maintain an attractive level of dividends while reducing its debt, Oddo explains.
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.
It should be noted that Generali's result will incorporate changes in its consolidation scope (disposal in the Netherlands in Q1 and that in Ireland in Q2 Oddo says.
The broker confirms its buy rating on the stock, with an unchanged target price of 17.4 euros. Although the share remains somewhat dependent on Italy, it maintains a solid balance sheet and continues to benefit from dynamic operational performance. On 21 November it will present its new 3-year strategic plan, over which we believe that he will be able to maintain an attractive level of dividends while reducing its debt, Oddo explains.
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.