Zurich: Berenberg maintains buy rating, targets CHF522.1

(CercleFinance.com) - On Wednesday Berenberg maintained its buy rating on Zurich shares, as well as its target price of 522.
10 Swiss francs, ahead of a potential acceleration in the redistribution proposed by the Swiss insurer.

After comparing the group's comments on the presentation of its 2023-2025 strategic plan with those of the consensus, the analyst said he had reached the conclusion that there was upside potential of 16% in relation to the dividend forecast communicated by 2025 if Zurich were to manage to generate ROE of 23.5% by then (above the 20% retained in the basic scenario).

The analyst says that there is still further potential from positive earnings surprises and a less cautious valuation approach by the market.



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