AlphaValue/Baader Europe Rates Ageas Add, Ups EPS Projections

10:40 AM EDT, 08/03/2026 (MT Newswires) -- Ageas (AGS.BR) received a new rating and higher EPS assumptions from AlphaValue/Baader Europe on Monday, ahead of the Belgian insurer's upcoming interim earnings report on Aug. 27. The stock is now rated add from reduce, with a price target of 83.4 euros. The expected EPS for 2026 was raised 9.02% to 7.85 euros, while that for 2027 was nudged up to 7.95 euros from 7.18 euros. "We expect the group's earnings momentum to continue in Europe, benefitting from the synergies generated by the acquisition of esure in the UK, particularly as motor insurance prices have started to bottom out in the country. Meanwhile, in Belgium, the group's earnings will mechanically benefit from the buyout of AG Insurance's minorities from BNP Paribas," the note said.