Coface: Deutsche Bank nudges up TP

(CercleFinance.com) - Deutsche Bank announced on Wednesday that it had raised its target price for Coface shares from E15.
5 to E16, while renewing its buy recommendation on the stock.

In a research note published ahead of the publication of Q3 results on 5 November, the analyst highlights the credit insurer's "underlying quality".

With the continued slowdown in inflationary pressures, Deutsche Bank expects a slight decline in sales and premiums (-3% and -4% respectively), albeit less pronounced than in H1.

For 2024, the broker also expects a decline in credit insurance sales and premiums, before a return to moderate growth from FY 2025 onwards.


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.