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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Ageas SA/NV    AGS   BE0974264930

AGEAS SA/NV

(AGS)
  Report
Real-time Quote. Real-time Euronext Bruxelles - 01/19 04:47:18 am
45.09 EUR   -0.73%
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2020AGEAS SA/NV : Admission of new securities
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European bank shares climb to three-week high in earnings-driven trade

02/15/2017 | 12:03pm EST
Company stock price information, including Klepierre SA, is displayed on screens as they hang above the Paris stock exchange, operated by Euronext NV, in La Defense business district in Paris

LONDON (Reuters) - European shares ended higher on Wednesday in another session dominated by earnings, as French lender Credit Agricole (>> Crédit Agricole) led banking stocks to a three-week high.

LONDON (Reuters) - European shares ended higher on Wednesday in another session dominated by earnings, as French lender Credit Agricole (>> Crédit Agricole) led banking stocks to a three-week high.

The pan-European STOXX 600 <.STOXX> index rose 0.3 percent with the banking index <.SX7P> the top sector, up 1.4 percent.

Shares in Credit Agricole jumped 4.7 percent after France's biggest retail bank beat forecasts with a smaller than expected earnings drop in the fourth quarter.

The reaction was particularly positive to results from Credit Agricole's French retail bank unit LCL, which analysts at Jefferies said had been an ongoing concern for some investors."

"(Credit Agricole) remains one of our favourite names in France. However, we are aware that political uncertainties could weigh on the performance of the French financials until May," they said in a note.

Banking stocks were also helped by hawkish rhetoric from U.S. Federal Reserve Chair Janet Yellen who stood by the stance she took on Tuesday that the central bank was on track to raise interest rates at an upcoming policy meeting.

Low interest rates put pressure on banks' margins, as has been the case in Europe.

Some analysts were cautious on the move higher as banks looked scored their third straight session of gains.

"There does not seem to be yet the environment that would actually bring about the sustained improvement in the European banks on the interest rate side, on the operational side, on the conduct side," Ken Odeluga, market analyst at City Index, said, adding that he expected the rally to fade.

Earnings also helped more broadly, with Finnish packaging maker Huhtamaki (>> Huhtamaki Oyj) rising 8.7 percent after reporting results, the top gainer on the STOXX 600 index.

Brewer Heineken (>> Heineken) rallied 3.7 percent after confirming its margin target.

Swiss software provider Temenos (>> Temenos Group AG) dropped 3.4 percent after reporting results and announcing a proposal to acquire Australia's Rubik Financial (>> Rubik Financial Limited).

"While management seemed confident on visibility, the business is lumpy," analysts at UBS said in a note, adding that they were sticking with their "sell" rating on the stock.

Insurer Ageas (>> AGEAS/NV), medical equipment firm Gerresheimer (>> Gerresheimer AG) and paints and coatings company Akzo Nobel (>> Akzo Nobel) were also all weaker after reporting results.

(Reporting by Kit Rees; additional reporting by Danilo Masoni; Editing by Tom Heneghan)

By Kit Rees


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
AGEAS SA/NV -0.73% 45.09 Real-time Quote.4.22%
AKZO NOBEL N.V. 0.09% 87.58 Real-time Quote.-0.41%
AMP LIMITED -0.96% 1.55 End-of-day quote.-0.64%
CRÉDIT AGRICOLE SA -1.46% 10.13 Real-time Quote.-0.39%
GERRESHEIMER 1.69% 90.45 Delayed Quote.1.31%
HEINEKEN N.V. -0.13% 89.42 Real-time Quote.-1.84%
HUHTAMAKI OYJ -0.19% 41.54 Delayed Quote.-1.51%
STOXX EUROPE 600 0.12% 409.12 Delayed Quote.2.21%
SWISS RE LTD -0.95% 83.74 Delayed Quote.1.39%
TEMENOS GROUP 0.00%End-of-day quote.0.00%
All news about AGEAS SA/NV
01/18AGEAS AND BLACKROCK : Transparency notification
PU
2020AGEAS SA/NV : Admission of new securities
CO
2020AGEAS AND BLACKROCK : Transparency notification
AQ
2020AGEAS SA/NV : Admission of new securities
CO
2020AGEAS SA/NV : Admission of new securities
CO
2020AGEAS AND BLACKROCK : Transparency notification
AQ
2020AGEAS SA/NV : Admission of new securities
CO
2020AGEAS SA/NV : Admission of new securities
CO
2020AGEAS SA/NV : Admission of new securities
CO
2020AGEAS SA/NV : Admission of new securities
CO
More news
Financials
Sales 2020 8 462 M 10 236 M 10 236 M
Net income 2020 1 164 M 1 408 M 1 408 M
Net Debt 2020 1 402 M 1 696 M 1 696 M
P/E ratio 2020 7,51x
Yield 2020 5,81%
Capitalization 8 494 M 10 259 M 10 275 M
EV / Sales 2020 1,17x
EV / Sales 2021 1,12x
Nbr of Employees 10 741
Free-Float 90,2%
Chart AGEAS SA/NV
Duration : Period :
ageas SA/NV Technical Analysis Chart | AGS | BE0974264930 | MarketScreener
Technical analysis trends AGEAS SA/NV
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 45,96 €
Last Close Price 45,42 €
Spread / Highest target 23,5%
Spread / Average Target 1,20%
Spread / Lowest Target -27,3%
EPS Revisions
Managers and Directors
NameTitle
Hans de Cuyper Chief Executive Officer
Bart Karel de Smet Chairman
Christophe Boizard Chief Financial Officer & Executive Director
Guy Jacques Marie de Selliers de Moranville Vice Chairman
Lionel Perl Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
AGEAS SA/NV4.22%10 259
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CHUBB LIMITED0.83%70 040
ZURICH INSURANCE GROUP LTD0.43%62 773
MARSH & MCLENNAN COMPANIES-4.41%56 724
BAJAJ FINSERV-3.03%18 788