Report
Benoit Valleaux ...
  • Steven Gould

Grupo Catalana Occidente S.A. : Un T1 2023 globalement rassurant

>Opinion Surperformance réitérée – OC porté à 44.0 € (vs 43.0 €) - Nous réitérons notre opinion Surperformance sur GCO, considérant toujours intéressante la valorisation (sous-performance relative de 10 pp vs secteur YTD) et alors que la publication du T1 2023 ressort plutôt solide sur l'opérationnel et sur le plan bilanciel malgré l’environnement challenging. Nous relevons nos estimations de RN de 1% en moyenne sur 2023-25e afin de tenir compte du momentum plutôt ras...
Underlying
Grupo Catalana Occidente S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

Steven Gould

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