Mapfre : A solid end to 2021 and rendez-vous on 23 March!
>Outperform rating maintained, target price of € 2.4 unchanged - The publication of Q4 and FY 2021 results, solid and encouraging with the view to the strategic update scheduled for March, underpins our positive stance on Mapfre. As a result, we reiterate our Outperform rating on the stock (target price unchanged at € 2.4, whilst our forecasts for net profit change by just +1% on average over the 2022-2024 period), as we do not think that the current valuation (2021e ...Mapfre is an insurance company based in Spain. Co. is the parent company of a group engaged in the underwriting and provision of insurance in Spain and abroad. Insurance policies provided include: life, non-life, accident, home-owner, general and health. Through its subsidiaries, Co. is also engaged in the provision of reinsurance, the management of investment funds, pension funds and pension plans, real estate and related services. On the domestic market, Co.'s activities include managing investment funds, pension funds and pension plans, real estate and other service businesses.
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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