- (PLX AI) - Gjensidige shares opened down 2% after new 4-year targets only came in line with existing consensus, analysts said.
- • Gjensidige targets combined ratio less than 85% for 2022 to 2025, cost ratio below 14% and ROE after tax higher than 19%
- • The targets are not likely to lead to analysts upgrading their expectations, analysts said
- • The targets are sensible, but the Gjensidige share is fully valued, Bank of America said, adding that it prefers Sampo, which has a less demanding valuation
- • Gjensidige will continue to deliver excellent operating results but this is reflected in the current valuation, BofA said, reiterating an underperform rating on Gjensidige, with price target NOK 215