Scor: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF reiterates its 'outperform' rating on Scor shares, with a target price raised from E28 to E30, to reflect the good underlying profitability in property-casualty and a limited final impact of the review in life reinsurance.
In the wake of the reinsurer's Q3 results, the broker also highlights a solvency margin of 203% at end-September (vs. 201% at end-June), well ahead of expectations.
Despite yesterday's rebound, the share price remains very low, and the CMD should further improve visibility on the outlook for 2025-26, the analyst adds.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
In the wake of the reinsurer's Q3 results, the broker also highlights a solvency margin of 203% at end-September (vs. 201% at end-June), well ahead of expectations.
Despite yesterday's rebound, the share price remains very low, and the CMD should further improve visibility on the outlook for 2025-26, the analyst adds.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.