Grupo Catalana Occidente S.A. : Solid Q4/FY 2022 figures … quality of fundamentals still undervalued
>Outperform rating maintained – target price raised to € 43 (vs € 42) - We maintain our Outperform rating on GCO, with the valuation remaining attractive (relative-to-sector underperformance of 20pp y-o-y) and with its Q4/FY 2022 results broadly confirming the group’s solid operating positions/balance sheet, despite the geopolitical context. We have raised our net income forecasts by 2% on average for 2023-2024 to reflect fairly reassuring momentum for its two busines...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.