(News Bulletin 247) – Oddo BHF reiterates its ‘outperformance’ opinion on Scor with a price target raised from 28 to 30 euros, after a ‘very high’ net result for the first quarter of 2023 which led it to raise its net result forecasts for the whole year.
‘Even if the deviation from expectations is largely due to non-recurring items, the underlying dynamics remain favorable and this result confirms our forecast of a dividend of 1.8 euros for 2023’, estimates the ‘analyst.
The research office also points out that even after the strong rebound recorded on Friday, the title of the reinsurer is trading at low multiples, with a stock price estimated at 6.1 times the EPS expected for 2024.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
