The stock ended the session with a gain of nearly 1%, benefiting from a positive analysis by Deutsche Bank. The analyst announced on Tuesday that he had raised his target price for Scor shares from 30 to 34 euros, believing that the French reinsurer now has the wind in its sails.

Although the stock has posted a total return (including dividend) of almost 35% this year, compared with a 10% gain for the STOXX Europe 600 Insurance sector index, it is only trading at around 5.5 times earnings to 2025, notes the analyst, who refers to a "significant" discount to the PERs on which its comparables trade, ranging from eight to 11x.

For the intermediary, however, it is becoming "increasingly clear that the Group is taking the right steps, and that its initiatives should soon bear fruit".

Deutsche Bank thus perceives an upside potential of more than 50% for the stock, which it continues to recommend as a Buy and which it has made one of its favorite stocks within the sector.

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