Jefferies Raises Menora Mivtachim Price Target to NIS 600
Translated & summarized from TheMarker by baba
BusinessNeutral tone
Originalג'פריס מעלה את מחיר היעד למנורה מבטחים ל-600 שקל: "מהיעדים הגבוהים בענף הביטוח העולמי"The story in 5 lines · by baba
- Jefferies raised Menora Mivtachim's price target to NIS 600.
- The target implies a 16% upside after a 574% stock rise.
- Menora may reach 2030 goals by 2029.
- Goals include over NIS 3 billion profit.
- This is a high target in the global insurance industry.
Investment bank Jefferies has raised its price target for Menora Mivtachim Insurance to NIS 600 per share, citing the company's strategic plan and first-half 2026 results. The new target represents an estimated upside of approximately 16% for the stock, which has already seen a 574% increase over the past three years.
Jefferies analysts believe Menora Mivtachim could achieve its 2030 targets as early as 2029. These targets include a profit exceeding NIS 3 billion and a return on equity surpassing 20%. The firm considers this price target to be among the highest in the global insurance sector.
Read the original at TheMarker