The 2 other research houses that cover Codan reaffirmed their price targets.
Canaccord has a buy with $1.02 target.
Moelis has a buy with $1.05 target.
They seem to be in contact with management so they are getting a better vibe than the rest of us.
The stock is moving up one way or another and I feel these price targets are ultra conservative as most analysts under shoot to make themselves look good.
Even with the PE moving up just 2 basis points...this is a 90 cent stock. When it get's to 15, it's $1.11.
Crazy value with the yield almost at 6% locked in.
Doesn't get must more gift wrapped than this.
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