Should Investors Be Buying AXA (EPA:CS) Shares? Goldman Sachs Group Inc. Has Just Upgraded The Stock


AXA (EPA:CS) Stock Upgrade

In a very recent research note announced on Monday, 14 December, Goldman Sachs Group Inc. has hiked shares of AXA (EPA:CS) stock to a solid Buy and has set a 12month target price per share to EUR 29.00. This target is 17.41% from CS’s current share price.

From a total of 1 analysts covering AXA (EPA:CS) stock, 0 rate it a ”Buy”, 1 a “Sell”, and 0 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is €21.64 while the lowest target price is €21.64. The mean of all analyst targets is €21.64 with a 14.28% above today’s (€24.65) stock price. AXA was the topic of 13 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on December 8 with “Hold” rating. HSBC upgraded shares to “Buy” rating and €28 target share price in a report from an October 10. Bankhaus Lampe upgraded CS stock in a recent report from December 5 to “Buy” rating. Citigroup upgraded the rating on September 4. Citigroup has a “Buy” rating and a €28 price target on shares. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on a December 4.

The stock decreased 2.32% or EUR 0.59 on December 11, striking EUR 24.65. Approximately 8.47M shares of stock traded hands or 41.40% up from the average. Axa SA (EPA:CS) has declined 22.16% since May 11, 2015 and is downtrending. It has underperformed by 17.75% the S&P500.

 Should Investors Be Buying AXA (EPA:CS) Shares? Goldman Sachs Group Inc. Has Just Upgraded The Stock

AXA SA is a holding company engaged in the business of financial protection. The company has a market cap of 60.83 billion EUR. The Firm operates in five divisions: Life & Savings, Property & Casualty, International Insurance, Asset Management and Banking. It has 12.59 P/E ratio. The Firm offers a range of life and savings products, including individual and group savings retirement products, life and health products.

According to Zacks Investment Research, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360? Choice.” Get a free copy of the Zacks research report on Axa SA (CS).