Citigroup raises the target price for property insurance to 20.7 yuan, maintaining a "Buy" rating

AASTOCKS
2025.09.03 02:15

Citigroup published a research report, raising the earnings per share estimates for property and casualty insurance (02328.HK) for the fiscal years 2025 and 2027 by 5% and 1%, respectively, while maintaining the forecast for the fiscal year 2026 unchanged, to reflect a better business outlook following the company's performance announcement. Additionally, considering the strength of the Renminbi, it raised the target price from 19 yuan to 20.7 yuan, maintaining a "Buy" rating