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Coface: in the green, a broker raises its target


(CercleFinance.com) – Coface gained nearly 2% in Paris, benefiting from a positive analysis by Oddo BHF which confirmed its ‘outperformance’ rating on the share, with a price target raised from 13.3 to 14 euros , given the increase in its net income forecast for the credit insurance company and the good growth in activity.

The research department estimates that the group’s loss experience should still remain excellent in the second quarter of 2022, and that its balance sheet remains very solid, with a solvency margin at the end of June at a level that is still very comfortable.

“Even if the loss ratio should gradually normalize in the second half of 2022, the title should continue to offer a very high yield and benefit from long-term growth levers (information)”, judges Oddo.

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