Zurich Insurance: UBS raises target price
(CercleFinance.com) - UBS highlights the increase in share buyback and EPS expectations following the CMD.
Following this meeting with management, the analyst confirms his Neutral rating on the share, while raising his TP to 532 CHF (from 475 CHF).
Zurich impresses with its ambitious three-year plan, but valuation limits upside potential. Share buybacks will be one-offs, UBS says.
The Swiss insurance group has announced its new targets for 2025-2027, which include a forecast for average annual growth of over 9% in core EPS.
It is also targeting a return on equity (ROE) of at least 23%, as well as more than $19bn in cash distributions to shareholders.
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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.
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.
Following this meeting with management, the analyst confirms his Neutral rating on the share, while raising his TP to 532 CHF (from 475 CHF).
Zurich impresses with its ambitious three-year plan, but valuation limits upside potential. Share buybacks will be one-offs, UBS says.
The Swiss insurance group has announced its new targets for 2025-2027, which include a forecast for average annual growth of over 9% in core EPS.
It is also targeting a return on equity (ROE) of at least 23%, as well as more than $19bn in cash distributions to shareholders.
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.