(Finance) – Barclays has increased a 9.40 euros per share (from 7.30 euros previously, +29%) the target price on Unipolan Italian financial company that is part of the FTSE MIB and operates in the insurance and banking sectors, and confirmed the recommendation “Overweight” on the title.
Analysts write that Unipol shares have rallied 62% since the beginning of the year, outperforming the STOXX Europe 600 Insurance by 54%. The shares have been revalued to all-time highs based on the P/E valuation. The stock still trades at about a 15% discount to historical levels UnipolSai and about 20% compared to the current valuation of General.
“We believe it is further re-rating warranted as the market shifts its evaluation lens to consider Unipol as an insurance company rather than as a holding company following the proposed merger” with UnipolSai, we read in the research.
Analysts have increased EPS estimates for 2025-28 by an average of 7% to reflect underlying trends.