Scor: UBS confirms buy rating
(CercleFinance.com) - UBS believes that the measures taken by management are beneficial.
The analyst thus confirms his buy recommendation on the stock, trimming his target price to E27.3 (from E28).
Scor achieves the target of strengthening provisions and consolidates key performance indicators, but the reduction in capital flexibility must be taken into account. We reiterate our buy rating with over 20% upside potential, UBS says.
Scor said it is renewing its targets for 2025-2026, including a return on equity (ROE) assumption of over 12% p.a.
The reinsurer also confirmed it was targeting a group economic value growth rate of 9% p.a., assuming constant economic assumptions, as well as a solvency ratio in the optimal range of 185%-220%.
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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 analyst thus confirms his buy recommendation on the stock, trimming his target price to E27.3 (from E28).
Scor achieves the target of strengthening provisions and consolidates key performance indicators, but the reduction in capital flexibility must be taken into account. We reiterate our buy rating with over 20% upside potential, UBS says.
Scor said it is renewing its targets for 2025-2026, including a return on equity (ROE) assumption of over 12% p.a.
The reinsurer also confirmed it was targeting a group economic value growth rate of 9% p.a., assuming constant economic assumptions, as well as a solvency ratio in the optimal range of 185%-220%.
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.