(Boursier.com) — Axa rises by 2.2% this Friday to 23.75 euros with the rest of the financial sector in a stock market which is still gaining height… Among the latest brokers’ opinions, JP Morgan has adjusted the target from 31 to 30 euros while remaining ‘overweight’. Deutsche Bank, on the contrary, had previously raised its target from 29 to 30.5 euros with a buy notice. Last month, Oddo BHF reiterated its recommendation to ‘outperform’ the stock with a target of 32 euros. The analyst felt that the current price did not reflect the good operational dynamics (at AXA XL) and the prospects for return of capital to shareholders (dividends + share buyback). Finally, Jefferies had confirmed its buying advice and its target of 28 euros. The insurer clearly exceeded analysts’ expectations in the first half, as higher income from property and casualty insurance and health insurance offset the impact of the war in Ukraine.
The group, which confirmed its 2022 objectives, also announced a new share buyback program for a maximum amount of 1 billion euros. The group will take stock of its quarterly accounts on November 2…
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