Zurich Insurance: UBS downgrades to sell
(CercleFinance.com) - The analyst believes that the valuation leaves limited leeway.
UBS downgrades its opinion to sell (from neutral) and reduces its target price to 515 CHF (from 532 CHF).
The share price fully reflects the three-year plan, with a maximum P/E leaving a risk of ratio contraction, and limited earnings growth potential beyond forecasts, 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 its core EPS.
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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.
UBS downgrades its opinion to sell (from neutral) and reduces its target price to 515 CHF (from 532 CHF).
The share price fully reflects the three-year plan, with a maximum P/E leaving a risk of ratio contraction, and limited earnings growth potential beyond forecasts, 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 its core EPS.
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.