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UBS analyst Haley Tam has upgraded Allfunds Group Plc from Neutral to Buy, raising the price target to EUR6.30 from EUR5.90, reflecting a 7% increase. This decision is driven by improved European market prospects and a projected cyclical recovery in fund flows by 2025, with an expected return of 15%. The firm's positive outlook is supported by revised earnings estimates and a favorable macroeconomic environment for European equities.
UBS analyst Haley Tam has upgraded Allfunds Group Plc from Neutral to Buy, raising the price target to €6.30 from €5.90, reflecting a 7% increase. This decision is driven by an improved outlook for European markets and a projected cyclical recovery in fund flows through 2025, with an expected return of 15%. The bank's positive stance is supported by revised earnings per share forecasts and a favorable macroeconomic environment for European equities.
Chocolate Finance and Allfunds have assured customers that their investment funds are secure, with withdrawals proceeding as normal. Funds are held in segregated accounts in compliance with Singapore regulations, and Allfunds acts as the licensed custodian to safeguard these investments. Despite increased withdrawal activity, both companies emphasize their commitment to operational efficiency and transparency, with withdrawals expected to be settled within three to six business days.
Barclays has lowered its price target for Allfunds Group Plc to EUR8.30 from EUR8.50 while maintaining an Overweight rating. The adjustment reflects expected outflows from the transfer of Credit Suisse's business, though the firm anticipates a 14% growth in earnings per share for fiscal year 2024, driven by favorable market conditions and strong operational performance. Investors will be focused on management's guidance for fiscal year 2025, particularly regarding new distributor pipelines and revenue margins as interest rates in Europe decline.
Barclays has lowered its price target for Allfunds Group Plc to EUR8.30 from EUR8.50 while maintaining an Overweight rating. Analyst Michael Sanderson anticipates a 14% growth in earnings per share for fiscal year 2024, driven by favorable market conditions and strong operational performance, despite challenges from Credit Suisse's business transfer. Investors will be focused on management's guidance for fiscal year 2025, particularly regarding new distributor pipelines and revenue margins as European interest rates decline.
Allfunds Group plc
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ubs upgrades allfunds to buy raises target price to six thirty euros
07:30 14.03.2025
ubs upgrades allfunds to buy raises price target to six thirty
06:56 14.03.2025
Chocolate Finance and Allfunds assure customers of fund security and withdrawals
04:27 12.03.2025
barclays lowers allfunds price target to 830 euros maintains overweight rating
08:40 10.02.2025
Barclays lowers Allfunds price target but maintains Overweight rating amid challenges
07:46 10.02.2025
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