Aegon: Credit Suisse raises target price
(CercleFinance.com) - While remaining "neutral" on the share of Dutch life insurance, pensions and asset management company Aegon, Credit Suisse has increased its target price for it to 4 euros from 3.
3 euros (current price: 3.9 euros).
The broker highlights the performance of Aegon's main subsidiaries and the reduced volatility due to the approval of the company's internal model in the Netherlands. Indeed, although Aegon is only at the start of its restructuring, capital risks have been significantly reduced, the analyst points out.
Finally, Credit Suisse points out that Aegon wants to maintain a high level of cash, while reducing its debt, such that the conversion of cash flow into dividends for shareholders "will likely be slow".
Copyright (c) 2021 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.