Grupo Catalana Occidente S.A. : Solid Q4 2021 results
>Outperform opinion maintained – Target price unchanged at € 35 - We are maintaining our Outperform opinion on GCO shares in the wake of Q4 2021 results, which broadly confirmed the operating recovery already observed in 9M 2021 in the context of a business normalisation. At this stage, we are leaving our already conservative central scenario unchanged (macro, inflation, etc.) pending better visibility on the situation in Ukraine (economic impact). We are cutting ou...Grupo Catalana Occidente is an insurance group based in Spain. Co. is engaged in insurance and reinsurance activities, including commercial, life, disability, and automobile insurance. Co. is also engaged in the sale of annuities and pension funds. Co.'s operations are organized along two businesses: Traditional business (insurance) and Credit Insurance business. Co.'s main markets are located in Spain, Germany, United Kingdom, France and the Netherlands. Co. maintains a presence in more than 40 countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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