With Black Friday behind us you would think that most shoppers would have gone home with their discounted presents, feeling somewhat fulfilled. Quite the opposite as last Monday was also 'Cyber Monday', the biggest e-commerce sales day in the US of the year. The term 'Cyber Monday ' was actually introduced back in 2005 by the US National Retail Federation (NRF) that noticed for several years a recurring spike in online traffic on the Monday following Thanksgiving. The NRF believed that this was because people were making purchases from their computers at work, where the Internet connections were faster (?) and their kids couldn't get a sneak peek at their end of year gifts.

This year was no different as people again 'rallied' on 'Cyber Monday' with revenues again peaking to an all-time high. According to Adobe analytics, which measured 80% of all online transactions from the top 100 US web retailers, in the US Cyber Monday hit record revenues of $6.59 bn, making it the largest U.S. online sales day ever. In comparison, Black Friday and Thanksgiving Day brought in $5.03 bn and $2.87 bn respectively. You would think that with these numbers 'Cyber Monday' could be considered as the 'biggest online shopping day in the world'. However the 'honour' actually goes to 'Single's Day'(November 11th ) in China when shoppers spent up to $25 bn in 24 hours so basically 4 times the size of US 'Cyber Monday'.

On a different note, and a real theme this year, Exane BNP Paribas initiated coverage on the Ageas share with an EUR 42 Target Price and Neutral recommendation. Exane is joining the impressive 2017 analyst coverage 'rally' as this is already the 9th broker (re-)initiating coverage this year following in the footsteps of Morgan Stanley, UBS, Medio Banca, ABN AMRO, RBC Capital, Goldman Sachs, Macquarie & Credit Suisse.

For the full analyst coverage overview, please be so kind to consult our website.

Last trading week the Ageas share increased slightly by 0.6% to EUR 41.00 with the Eurostoxx 50 & Stoxx Insurance index respectively down 1.5% & 0.5%.

Ageas NV published this content on 04 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 December 2017 10:56:00 UTC.

Original documenthttps://www.ageas.com/newsroom/cyber-rally

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